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

Shares of Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) saw unusually-strong trading volume on Friday . Approximately 677,211 shares changed hands during mid-day trading, an increase of 148% from the previous session’s volume of 273,587 shares.The stock last traded at $49.97 and had previously closed at $49.68.

Horizon Kinetics Inflation Beneficiaries ETF Price Performance

The business’s 50-day moving average is $45.03 and its 200 day moving average is $43.78. The firm has a market capitalization of $1.47 billion, a P/E ratio of -2,163.17 and a beta of 0.79.

Horizon Kinetics Inflation Beneficiaries ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Tuesday, December 23rd were given a $0.102 dividend. The ex-dividend date was Tuesday, December 23rd. This is a positive change from Horizon Kinetics Inflation Beneficiaries ETF’s previous quarterly dividend of $0.10. This represents a $0.41 dividend on an annualized basis and a dividend yield of 0.8%. Horizon Kinetics Inflation Beneficiaries ETF’s dividend payout ratio (DPR) is presently -2,427.61%.

Institutional Investors Weigh In On Horizon Kinetics Inflation Beneficiaries ETF

Large investors have recently added to or reduced their stakes in the stock. Private Trust Co. NA raised its position in shares of Horizon Kinetics Inflation Beneficiaries ETF by 801.0% in the 2nd quarter. Private Trust Co. NA now owns 865 shares of the company’s stock valued at $36,000 after buying an additional 769 shares in the last quarter. Bank of Jackson Hole Trust bought a new position in Horizon Kinetics Inflation Beneficiaries ETF in the second quarter valued at approximately $60,000. Ameriflex Group Inc. increased its stake in Horizon Kinetics Inflation Beneficiaries ETF by 306.1% in the third quarter. Ameriflex Group Inc. now owns 4,906 shares of the company’s stock valued at $219,000 after acquiring an additional 3,698 shares during the last quarter. LM Advisors LLC acquired a new position in Horizon Kinetics Inflation Beneficiaries ETF during the second quarter valued at approximately $298,000. Finally, NewEdge Advisors LLC lifted its stake in Horizon Kinetics Inflation Beneficiaries ETF by 9.4% during the second quarter. NewEdge Advisors LLC now owns 12,009 shares of the company’s stock worth $506,000 after purchasing an additional 1,028 shares during the last quarter.

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.