Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) Hits New 52-Week High at $37.54

Shares of Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) hit a new 52-week high on Wednesday . The company traded as high as $37.54 and last traded at $37.41, with a volume of 61902 shares trading hands. The stock had previously closed at $37.11.

Horizon Kinetics Inflation Beneficiaries ETF Stock Down 0.2 %

The stock has a market capitalization of $725.98 million, a PE ratio of 14.64 and a beta of 0.69. The firm has a 50 day moving average price of $35.87 and a 200-day moving average price of $33.78.

Horizon Kinetics Inflation Beneficiaries ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Thursday, June 27th. Shareholders of record on Wednesday, June 26th were paid a dividend of $0.1386 per share. The ex-dividend date was Wednesday, June 26th.

Institutional Trading of Horizon Kinetics Inflation Beneficiaries ETF

Large investors have recently made changes to their positions in the business. Hilltop National Bank acquired a new position in Horizon Kinetics Inflation Beneficiaries ETF during the first quarter valued at $2,781,000. Lowe Wealth Advisors LLC lifted its holdings in shares of Horizon Kinetics Inflation Beneficiaries ETF by 3.0% in the 1st quarter. Lowe Wealth Advisors LLC now owns 214,025 shares of the company’s stock valued at $6,969,000 after buying an additional 6,180 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in shares of Horizon Kinetics Inflation Beneficiaries ETF by 23.5% in the second quarter. Bank of New York Mellon Corp now owns 223,372 shares of the company’s stock worth $7,300,000 after buying an additional 42,538 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.