JPMorgan Chase & Co. Sells 566,938 Shares of Horizon Kinetics Inflation Beneficiaries ETF $INFL

JPMorgan Chase & Co. decreased its stake in Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) by 11.9% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 4,208,467 shares of the company’s stock after selling 566,938 shares during the period. JPMorgan Chase & Co. owned about 0.14% of Horizon Kinetics Inflation Beneficiaries ETF worth $188,098,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Private Trust Co. NA grew its position in shares of Horizon Kinetics Inflation Beneficiaries ETF by 801.0% during the 2nd quarter. Private Trust Co. NA now owns 865 shares of the company’s stock worth $36,000 after buying an additional 769 shares during the period. NewEdge Advisors LLC raised its position in shares of Horizon Kinetics Inflation Beneficiaries ETF by 9.4% in the 2nd quarter. NewEdge Advisors LLC now owns 12,009 shares of the company’s stock valued at $506,000 after acquiring an additional 1,028 shares during the period. Bank of Jackson Hole Trust bought a new position in Horizon Kinetics Inflation Beneficiaries ETF during the 2nd quarter worth approximately $60,000. Waterloo Capital L.P. grew its holdings in Horizon Kinetics Inflation Beneficiaries ETF by 2.9% during the third quarter. Waterloo Capital L.P. now owns 98,196 shares of the company’s stock valued at $4,389,000 after purchasing an additional 2,797 shares during the period. Finally, Copia Wealth Management grew its holdings in Horizon Kinetics Inflation Beneficiaries ETF by 25.0% during the third quarter. Copia Wealth Management now owns 15,586 shares of the company’s stock valued at $697,000 after purchasing an additional 3,117 shares during the period.

Horizon Kinetics Inflation Beneficiaries ETF Stock Performance

INFL opened at $52.47 on Friday. The firm’s fifty day moving average is $47.68 and its two-hundred day moving average is $45.02. The firm has a market cap of $1.57 billion, a PE ratio of -2,274.58 and a beta of 0.79. Horizon Kinetics Inflation Beneficiaries ETF has a twelve month low of $35.08 and a twelve month high of $52.47.

Horizon Kinetics Inflation Beneficiaries ETF Increases Dividend

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

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.