Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) Stock Price Up 0.6% – Still a Buy?

Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) shares were up 0.6% on Wednesday . The company traded as high as $44.13 and last traded at $44.05. Approximately 130,958 shares traded hands during trading, an increase of 2% from the average daily volume of 127,809 shares. The stock had previously closed at $43.79.

Horizon Kinetics Inflation Beneficiaries ETF Trading Up 0.6%

The company’s 50-day simple moving average is $43.94 and its 200-day simple moving average is $43.12. The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of -1,909.57 and a beta of 0.79.

Horizon Kinetics Inflation Beneficiaries ETF Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Wednesday, September 24th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Wednesday, September 24th. Horizon Kinetics Inflation Beneficiaries ETF’s payout ratio is -2,904.46%.

Hedge Funds Weigh In On Horizon Kinetics Inflation Beneficiaries ETF

A number of hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. lifted its stake in shares of Horizon Kinetics Inflation Beneficiaries ETF by 15.1% in the second quarter. JPMorgan Chase & Co. now owns 4,775,405 shares of the company’s stock worth $201,379,000 after acquiring an additional 628,255 shares during the period. Janney Montgomery Scott LLC raised its holdings in Horizon Kinetics Inflation Beneficiaries ETF by 10.5% during the 2nd quarter. Janney Montgomery Scott LLC now owns 279,661 shares of the company’s stock worth $11,793,000 after purchasing an additional 26,550 shares during the last quarter. Captrust Financial Advisors lifted its position in shares of Horizon Kinetics Inflation Beneficiaries ETF by 1.2% in the 3rd quarter. Captrust Financial Advisors now owns 264,287 shares of the company’s stock worth $11,812,000 after purchasing an additional 3,042 shares during the period. Lowe Wealth Advisors LLC boosted its stake in shares of Horizon Kinetics Inflation Beneficiaries ETF by 2.3% in the 3rd quarter. Lowe Wealth Advisors LLC now owns 250,770 shares of the company’s stock valued at $11,208,000 after purchasing an additional 5,652 shares during the last quarter. Finally, Longview Financial Advisors Inc. boosted its stake in shares of Horizon Kinetics Inflation Beneficiaries ETF by 1.1% in the 3rd quarter. Longview Financial Advisors Inc. now owns 167,710 shares of the company’s stock valued at $7,496,000 after purchasing an additional 1,892 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.