Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) Sees Strong Trading Volume – What’s Next?

Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) saw an uptick in trading volume on Tuesday. 262,870 shares changed hands during trading, an increase of 4% from the previous session’s volume of 252,913 shares. The stock last traded at $50.6740 and had previously closed at $50.78.

Horizon Kinetics Inflation Beneficiaries ETF Price Performance

The stock has a fifty day moving average of $53.25 and a 200 day moving average of $52.24. The firm has a market capitalization of $1.53 billion, a P/E ratio of -2,186.54 and a beta of 0.70.

Horizon Kinetics Inflation Beneficiaries ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 24th. Stockholders of record on Wednesday, September 23rd were given a dividend of $0.0893 per share. The ex-dividend date of this dividend was Wednesday, September 23rd. This represents a $0.36 annualized dividend and a dividend yield of 0.7%. This is a drop from Horizon Kinetics Inflation Beneficiaries ETF’s previous quarterly dividend of $0.13. Horizon Kinetics Inflation Beneficiaries ETF’s payout ratio is -1,734.00%.

Institutional Investors Weigh In On Horizon Kinetics Inflation Beneficiaries ETF

A number of hedge funds have recently made changes to their positions in the business. Longview Financial Advisors Inc. boosted its holdings in shares of 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 worth $9,340,000 after buying an additional 10,049 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Horizon Kinetics Inflation Beneficiaries ETF by 9.7% during the first quarter. Bank of New York Mellon Corp now owns 433,834 shares of the company’s stock worth $22,585,000 after buying an additional 38,447 shares during the last quarter. Principia Wealth Advisory LLC increased its holdings in Horizon Kinetics Inflation Beneficiaries ETF by 4.1% during the second quarter. Principia Wealth Advisory LLC now owns 8,465 shares of the company’s stock worth $422,000 after buying an additional 330 shares during the last quarter. Finally, NBH Bank purchased a new stake in Horizon Kinetics Inflation Beneficiaries ETF during the second quarter worth about $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.