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 249,359 shares changed hands during mid-day trading, an increase of 90% from the previous session’s volume of 131,013 shares.The stock last traded at $42.3010 and had previously closed at $42.50.

Horizon Kinetics Inflation Beneficiaries ETF Price Performance

The stock has a market capitalization of $1.26 billion, a P/E ratio of -1,854.99 and a beta of 0.79. The business’s 50 day simple moving average is $44.02 and its 200-day simple moving average is $42.82.

Horizon Kinetics Inflation Beneficiaries ETF Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Wednesday, September 24th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Wednesday, September 24th. Horizon Kinetics Inflation Beneficiaries ETF’s dividend payout ratio is -2,904.46%.

Hedge Funds Weigh In On Horizon Kinetics Inflation Beneficiaries ETF

Institutional investors have recently added to or reduced their stakes in the company. Private Trust Co. NA boosted its position in Horizon Kinetics Inflation Beneficiaries ETF by 801.0% during the second quarter. Private Trust Co. NA now owns 865 shares of the company’s stock worth $36,000 after purchasing an additional 769 shares during the period. Bank of Jackson Hole Trust bought a new position in shares of Horizon Kinetics Inflation Beneficiaries ETF in the 2nd quarter valued at $60,000. Ameriflex Group Inc. increased its position in Horizon Kinetics Inflation Beneficiaries ETF by 306.1% in the 3rd 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 period. LM Advisors LLC bought a new position in shares of Horizon Kinetics Inflation Beneficiaries ETF during the second quarter worth about $298,000. Finally, NewEdge Advisors LLC boosted its position 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 valued at $506,000 after acquiring 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.