Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) Hits New 52-Week High – Here’s What Happened

Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) shares reached a new 52-week high on Wednesday . The company traded as high as $48.85 and last traded at $48.48, with a volume of 232134 shares trading hands. The stock had previously closed at $48.35.

Horizon Kinetics Inflation Beneficiaries ETF Trading Up 0.3%

The stock has a 50 day simple moving average of $44.86 and a 200-day simple moving average of $43.70. The firm has a market cap of $1.42 billion, a PE ratio of -2,101.61 and a beta of 0.79.

Horizon Kinetics Inflation Beneficiaries ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 24th. Investors of record on Tuesday, December 23rd were paid a dividend of $0.102 per share. This is a boost from Horizon Kinetics Inflation Beneficiaries ETF’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Tuesday, December 23rd. This represents a $0.41 annualized dividend and a yield of 0.8%. Horizon Kinetics Inflation Beneficiaries ETF’s dividend payout ratio is -2,427.61%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Private Trust Co. NA raised its position in shares of Horizon Kinetics Inflation Beneficiaries ETF by 801.0% during the second quarter. Private Trust Co. NA now owns 865 shares of the company’s stock valued at $36,000 after buying an additional 769 shares during the last quarter. Bank of Jackson Hole Trust purchased a new position in Horizon Kinetics Inflation Beneficiaries ETF during the second quarter valued at $60,000. Ameriflex Group Inc. increased its holdings in Horizon Kinetics Inflation Beneficiaries ETF by 306.1% in the 3rd quarter. Ameriflex Group Inc. now owns 4,906 shares of the company’s stock valued at $219,000 after acquiring an additional 3,698 shares during the last quarter. LM Advisors LLC purchased a new stake in Horizon Kinetics Inflation Beneficiaries ETF in the 2nd quarter worth $298,000. Finally, NewEdge Advisors LLC lifted its stake in Horizon Kinetics Inflation Beneficiaries ETF by 9.4% in the 2nd quarter. NewEdge Advisors LLC now owns 12,009 shares of the company’s stock worth $506,000 after purchasing an additional 1,028 shares in the last quarter.

About Horizon Kinetics Inflation Beneficiaries ETF

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.