Horizon Kinetics Inflation Beneficiaries ETF $INFL Position Reduced by Cooper Investors PTY Ltd.

Cooper Investors PTY Ltd. decreased its stake in Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) by 37.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,016 shares of the company’s stock after selling 39,341 shares during the period. Horizon Kinetics Inflation Beneficiaries ETF accounts for approximately 1.8% of Cooper Investors PTY Ltd.’s holdings, making the stock its 19th largest position. Cooper Investors PTY Ltd. owned approximately 0.22% of Horizon Kinetics Inflation Beneficiaries ETF worth $3,360,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. Longview Financial Advisors Inc. grew its holdings in Horizon Kinetics Inflation Beneficiaries ETF by 5.7% during the second quarter. Longview Financial Advisors Inc. now owns 187,257 shares of the company’s stock worth $9,340,000 after purchasing an additional 10,049 shares during the period. Bank of New York Mellon Corp raised its stake in Horizon Kinetics Inflation Beneficiaries ETF by 9.7% in the first quarter. Bank of New York Mellon Corp now owns 433,834 shares of the company’s stock valued at $22,585,000 after buying an additional 38,447 shares during the period. Principia Wealth Advisory LLC lifted its position in shares of Horizon Kinetics Inflation Beneficiaries ETF by 4.1% in the second quarter. Principia Wealth Advisory LLC now owns 8,465 shares of the company’s stock valued at $422,000 after buying an additional 330 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 approximately $71,000.

Horizon Kinetics Inflation Beneficiaries ETF Stock Up 0.1%

Shares of INFL stock traded up $0.04 during trading on Tuesday, reaching $51.81. 51,323 shares of the company’s stock were exchanged, compared to its average volume of 247,273. Horizon Kinetics Inflation Beneficiaries ETF has a twelve month low of $42.22 and a twelve month high of $56.28. The firm’s fifty day moving average price is $53.21 and its 200-day moving average price is $52.16. The stock has a market capitalization of $1.57 billion, a PE ratio of -2,245.97 and a beta of 0.71.

Horizon Kinetics Inflation Beneficiaries ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 24th. Shareholders of record on Wednesday, September 23rd were given a dividend of $0.0893 per share. This represents a $0.36 dividend on an annualized basis and a yield of 0.7%. This is a negative change from Horizon Kinetics Inflation Beneficiaries ETF’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Wednesday, September 23rd. Horizon Kinetics Inflation Beneficiaries ETF’s dividend payout ratio (DPR) is presently -1,734.00%.

Horizon Kinetics Inflation Beneficiaries ETF 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.