Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) Hits New 1-Year High at $34.72

Shares of Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) reached a new 52-week high during trading on Wednesday . The stock traded as high as $34.72 and last traded at $34.64, with a volume of 31831 shares traded. The stock had previously closed at $34.24.

Horizon Kinetics Inflation Beneficiaries ETF Price Performance

The stock has a market cap of $703.08 million, a PE ratio of 14.64 and a beta of 0.69. The business has a 50 day simple moving average of $33.12 and a 200 day simple moving average of $31.96.

Horizon Kinetics Inflation Beneficiaries ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Thursday, June 27th. Investors of record on Wednesday, June 26th were paid a dividend of $0.1386 per share. The ex-dividend date was Wednesday, June 26th.

Institutional Investors Weigh In On Horizon Kinetics Inflation Beneficiaries ETF

Several large investors have recently modified their holdings of INFL. Lowe Wealth Advisors LLC grew its holdings in shares of Horizon Kinetics Inflation Beneficiaries ETF by 4.1% in the 2nd quarter. Lowe Wealth Advisors LLC now owns 222,824 shares of the company’s stock valued at $7,282,000 after buying an additional 8,799 shares during the period. Hilltop National Bank increased its position in shares of Horizon Kinetics Inflation Beneficiaries ETF by 12.6% during the 2nd quarter. Hilltop National Bank now owns 96,217 shares of the company’s stock worth $3,144,000 after purchasing an additional 10,802 shares during the last quarter. Finally, Defender Capital LLC. lifted its stake in Horizon Kinetics Inflation Beneficiaries ETF by 36.0% in the fourth quarter. Defender Capital LLC. now owns 18,900 shares of the company’s stock valued at $595,000 after acquiring an additional 5,000 shares during the last quarter.

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.