JPMorgan Chase & Co. Sells 262,331 Shares of Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL)

JPMorgan Chase & Co. decreased its stake in Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) by 6.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,928,785 shares of the company’s stock after selling 262,331 shares during the period. JPMorgan Chase & Co. owned 20.04% of Horizon Kinetics Inflation Beneficiaries ETF worth $149,608,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Bank of New York Mellon Corp increased its position in Horizon Kinetics Inflation Beneficiaries ETF by 14.1% during the 4th quarter. Bank of New York Mellon Corp now owns 284,096 shares of the company’s stock valued at $10,818,000 after purchasing an additional 35,168 shares during the period. Janney Montgomery Scott LLC increased its position in shares of Horizon Kinetics Inflation Beneficiaries ETF by 42.6% during the fourth quarter. Janney Montgomery Scott LLC now owns 90,067 shares of the company’s stock worth $3,430,000 after buying an additional 26,925 shares during the period. Hilltop National Bank raised its stake in Horizon Kinetics Inflation Beneficiaries ETF by 25.0% during the fourth quarter. Hilltop National Bank now owns 124,115 shares of the company’s stock worth $4,726,000 after buying an additional 24,840 shares during the last quarter. Longview Financial Advisors Inc. lifted its holdings in Horizon Kinetics Inflation Beneficiaries ETF by 5.1% in the fourth quarter. Longview Financial Advisors Inc. now owns 156,793 shares of the company’s stock valued at $5,971,000 after buying an additional 7,649 shares during the period. Finally, Private Trust Co. NA boosted its position in Horizon Kinetics Inflation Beneficiaries ETF by 2,495.3% during the fourth quarter. Private Trust Co. NA now owns 2,777 shares of the company’s stock valued at $106,000 after acquiring an additional 2,670 shares during the last quarter.

Horizon Kinetics Inflation Beneficiaries ETF Trading Up 0.6 %

Shares of Horizon Kinetics Inflation Beneficiaries ETF stock opened at $40.88 on Wednesday. The company has a market cap of $1.13 billion, a P/E ratio of 23.59 and a beta of 0.86. The business has a 50-day moving average price of $40.17 and a two-hundred day moving average price of $39.81. Horizon Kinetics Inflation Beneficiaries ETF has a 1-year low of $31.67 and a 1-year high of $43.13.

Horizon Kinetics Inflation Beneficiaries ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, March 27th. Shareholders of record on Wednesday, March 26th were issued a $0.17 dividend. This is an increase from Horizon Kinetics Inflation Beneficiaries ETF’s previous dividend of $0.14. The ex-dividend date was Wednesday, March 26th.

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.