Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) Reaches New 1-Year High at $36.21

Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL)’s stock price reached a new 52-week high on Wednesday . The company traded as high as $36.21 and last traded at $36.08, with a volume of 10027 shares. The stock had previously closed at $35.95.

Horizon Kinetics Inflation Beneficiaries ETF Price Performance

The stock has a market cap of $709.72 million, a PE ratio of 14.64 and a beta of 0.69. The company’s fifty day moving average is $33.94 and its 200-day moving average is $32.42.

Horizon Kinetics Inflation Beneficiaries ETF Dividend Announcement

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Defender Capital LLC. increased its stake in shares of Horizon Kinetics Inflation Beneficiaries ETF by 36.0% in the 4th quarter. Defender Capital LLC. now owns 18,900 shares of the company’s stock valued at $595,000 after purchasing an additional 5,000 shares in the last quarter. Hilltop National Bank purchased a new stake in shares of Horizon Kinetics Inflation Beneficiaries ETF in the first quarter valued at approximately $2,781,000. Lowe Wealth Advisors LLC increased its position in shares of Horizon Kinetics Inflation Beneficiaries ETF by 3.0% in the first quarter. Lowe Wealth Advisors LLC now owns 214,025 shares of the company’s stock valued at $6,969,000 after buying an additional 6,180 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Horizon Kinetics Inflation Beneficiaries ETF by 23.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 223,372 shares of the company’s stock worth $7,300,000 after buying an additional 42,538 shares during the period.

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.