Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) Sees Unusually-High Trading Volume – Time to Buy?

Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) saw unusually-high trading volume on Friday . Approximately 2,489,515 shares traded hands during mid-day trading, an increase of 741% from the previous session’s volume of 295,974 shares.The stock last traded at $49.00 and had previously closed at $51.00.

Horizon Kinetics Inflation Beneficiaries ETF Trading Down 4.0%

The stock has a market cap of $1.45 billion, a PE ratio of -2,121.55 and a beta of 0.79. The business has a 50-day moving average price of $45.85 and a 200 day moving average price of $44.14.

Horizon Kinetics Inflation Beneficiaries ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Tuesday, December 23rd were issued a dividend of $0.102 per share. This represents a $0.41 annualized dividend and a yield of 0.8%. This is a boost from Horizon Kinetics Inflation Beneficiaries ETF’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Tuesday, December 23rd. Horizon Kinetics Inflation Beneficiaries ETF’s payout ratio is currently -2,427.61%.

Institutional Trading of Horizon Kinetics Inflation Beneficiaries ETF

Several hedge funds and other institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. boosted its holdings in Horizon Kinetics Inflation Beneficiaries ETF by 15.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,775,405 shares of the company’s stock worth $201,379,000 after buying an additional 628,255 shares during the period. Janney Montgomery Scott LLC lifted its position in shares of Horizon Kinetics Inflation Beneficiaries ETF by 10.5% during the second quarter. Janney Montgomery Scott LLC now owns 279,661 shares of the company’s stock worth $11,793,000 after acquiring an additional 26,550 shares in the last quarter. Captrust Financial Advisors boosted its holdings in shares of Horizon Kinetics Inflation Beneficiaries ETF by 1.2% in the third quarter. Captrust Financial Advisors now owns 264,287 shares of the company’s stock worth $11,812,000 after acquiring an additional 3,042 shares during the period. Lowe Wealth Advisors LLC grew its position in shares of Horizon Kinetics Inflation Beneficiaries ETF by 2.3% in the third 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 in the last quarter. Finally, Longview Financial Advisors Inc. grew its position in shares of Horizon Kinetics Inflation Beneficiaries ETF by 1.1% in the third 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 in 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.