Horizon Kinetics Inflation Beneficiaries ETF $INFL Shares Sold by Cooper Investors PTY Ltd.

Cooper Investors PTY Ltd. lessened its holdings in shares of Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) by 37.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 67,016 shares of the company’s stock after selling 39,341 shares during the quarter. Horizon Kinetics Inflation Beneficiaries ETF accounts for approximately 1.8% of Cooper Investors PTY Ltd.’s portfolio, making the stock its 19th largest position. Cooper Investors PTY Ltd.’s holdings in Horizon Kinetics Inflation Beneficiaries ETF were worth $3,360,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of INFL. Principia Wealth Advisory LLC raised its stake in shares of Horizon Kinetics Inflation Beneficiaries ETF by 4.1% in the second quarter. Principia Wealth Advisory LLC now owns 8,465 shares of the company’s stock worth $422,000 after purchasing an additional 330 shares during the last quarter. NBH Bank purchased a new position in shares of Horizon Kinetics Inflation Beneficiaries ETF during the second quarter valued at approximately $71,000. Longview Financial Advisors Inc. boosted its position in shares of Horizon Kinetics Inflation Beneficiaries ETF by 5.7% during the second quarter. Longview Financial Advisors Inc. now owns 187,257 shares of the company’s stock valued at $9,340,000 after buying an additional 10,049 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Horizon Kinetics Inflation Beneficiaries ETF by 9.7% during the first quarter. Bank of New York Mellon Corp now owns 433,834 shares of the company’s stock worth $22,585,000 after buying an additional 38,447 shares in the last quarter.

Horizon Kinetics Inflation Beneficiaries ETF Stock Up 0.1%

NYSEARCA:INFL traded up $0.04 during trading hours on Tuesday, hitting $51.81. 51,323 shares of the company traded hands, compared to its average volume of 247,273. The firm’s 50-day simple moving average is $53.21 and its 200-day simple moving average is $52.16. Horizon Kinetics Inflation Beneficiaries ETF has a one year low of $42.22 and a one year high of $56.28. The company has a market cap of $1.57 billion, a PE ratio of -2,245.97 and a beta of 0.71.

Horizon Kinetics Inflation Beneficiaries ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 24th. Investors of record on Wednesday, September 23rd were issued a dividend of $0.0893 per share. This represents a $0.36 dividend on an annualized basis and a yield of 0.7%. This is a drop from Horizon Kinetics Inflation Beneficiaries ETF’s previous quarterly dividend of $0.13. The ex-dividend date was Wednesday, September 23rd. Horizon Kinetics Inflation Beneficiaries ETF’s dividend payout ratio is -1,734.00%.

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.