Horizon Kinetics Inflation Beneficiaries ETF to Issue Quarterly Dividend of $0.09 (NYSEARCA:INFL)

Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) declared a quarterly dividend on Tuesday, September 22nd. Investors of record on Wednesday, September 23rd will be paid a dividend of 0.0893 per share on Thursday, September 24th. This represents a c) dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Wednesday, September 23rd.

Horizon Kinetics Inflation Beneficiaries ETF Stock Down 0.7%

INFL stock traded down $0.38 during midday trading on Wednesday, hitting $52.57. 15,756 shares of the company traded hands, compared to its average volume of 256,779. Horizon Kinetics Inflation Beneficiaries ETF has a twelve month low of $42.22 and a twelve month high of $56.28. The business has a 50 day simple moving average of $53.15 and a 200-day simple moving average of $52.28. The stock has a market capitalization of $1.59 billion, a price-to-earnings ratio of -2,276.31 and a beta of 0.70.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp increased its position in shares of Horizon Kinetics Inflation Beneficiaries ETF by 9.7% during the 1st quarter. Bank of New York Mellon Corp now owns 433,834 shares of the company’s stock worth $22,585,000 after purchasing an additional 38,447 shares in the last quarter. Longview Financial Advisors Inc. raised its position in Horizon Kinetics Inflation Beneficiaries ETF by 5.7% in the 2nd quarter. Longview Financial Advisors Inc. now owns 187,257 shares of the company’s stock valued at $9,340,000 after purchasing an additional 10,049 shares during the last quarter. Waterloo Capital L.P. boosted its stake in Horizon Kinetics Inflation Beneficiaries ETF by 1.9% in the fourth quarter. Waterloo Capital L.P. now owns 100,041 shares of the company’s stock worth $4,448,000 after purchasing an additional 1,845 shares in the last quarter. Principia Wealth Advisory LLC grew its holdings in shares of Horizon Kinetics Inflation Beneficiaries ETF by 5.1% during the fourth quarter. Principia Wealth Advisory LLC now owns 9,655 shares of the company’s stock worth $429,000 after purchasing an additional 465 shares during the last quarter. Finally, NBH Bank acquired a new stake in shares of Horizon Kinetics Inflation Beneficiaries ETF in the second quarter valued at $71,000.

Horizon Kinetics Inflation Beneficiaries ETF Company Profile

The Horizon Kinetics Inflation Beneficiaries ETF (INFL) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively-managed fund seeking long-term capital growth in inflation-adjusted terms from companies expected to benefit, directly or indirectly, from inflation. INFL was launched on Jan 11, 2021 and is managed by Horizon Kinetics.