Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) Sets New 1-Year High at $36.20

Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) shares hit a new 52-week high on Wednesday . The stock traded as high as $36.20 and last traded at $36.20, with a volume of 79037 shares trading hands. The stock had previously closed at $36.10.

Horizon Kinetics Inflation Beneficiaries ETF Price Performance

The stock has a market capitalization of $704.42 million, a price-to-earnings ratio of 14.64 and a beta of 0.69. The stock’s 50 day simple moving average is $33.34 and its 200-day simple moving average is $32.06.

Horizon Kinetics Inflation Beneficiaries ETF Dividend Announcement

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

Institutional Trading of Horizon Kinetics Inflation Beneficiaries ETF

A number of institutional investors and hedge funds have recently made changes to their positions in INFL. Lowe Wealth Advisors LLC boosted its position in Horizon Kinetics Inflation Beneficiaries ETF by 4.1% during the second quarter. Lowe Wealth Advisors LLC now owns 222,824 shares of the company’s stock worth $7,282,000 after purchasing an additional 8,799 shares during the period. Hilltop National Bank boosted its holdings 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 buying an additional 10,802 shares during the period. Finally, Defender Capital LLC. boosted its holdings in shares of Horizon Kinetics Inflation Beneficiaries ETF by 36.0% during the 4th quarter. Defender Capital LLC. now owns 18,900 shares of the company’s stock worth $595,000 after buying an additional 5,000 shares during the period.

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.