JPMorgan Chase & Co. Sells 262,331 Shares of Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL)

JPMorgan Chase & Co. decreased its stake in shares of Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) by 6.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 3,928,785 shares of the company’s stock after selling 262,331 shares during the period. JPMorgan Chase & Co. owned about 0.20% of Horizon Kinetics Inflation Beneficiaries ETF worth $149,608,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp lifted its position in shares of Horizon Kinetics Inflation Beneficiaries ETF by 14.1% in the 4th quarter. Bank of New York Mellon Corp now owns 284,096 shares of the company’s stock worth $10,818,000 after purchasing an additional 35,168 shares during the period. Hilltop National Bank lifted its holdings in Horizon Kinetics Inflation Beneficiaries ETF by 25.0% during the fourth quarter. Hilltop National Bank now owns 124,115 shares of the company’s stock worth $4,726,000 after buying an additional 24,840 shares during the period. Longview Financial Advisors Inc. boosted its position in Horizon Kinetics Inflation Beneficiaries ETF by 5.1% during the 4th quarter. Longview Financial Advisors Inc. now owns 156,793 shares of the company’s stock valued at $5,971,000 after acquiring an additional 7,649 shares in the last quarter. Private Trust Co. NA increased its holdings in shares of Horizon Kinetics Inflation Beneficiaries ETF by 2,495.3% in the 4th quarter. Private Trust Co. NA now owns 2,777 shares of the company’s stock valued at $106,000 after acquiring an additional 2,670 shares during the period. Finally, Janney Montgomery Scott LLC raised its position in shares of Horizon Kinetics Inflation Beneficiaries ETF by 42.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 90,067 shares of the company’s stock worth $3,430,000 after acquiring an additional 26,925 shares in the last quarter.

Horizon Kinetics Inflation Beneficiaries ETF Price Performance

Shares of NYSEARCA INFL opened at $40.88 on Wednesday. The business has a fifty day moving average price of $40.17 and a 200 day moving average price of $39.81. Horizon Kinetics Inflation Beneficiaries ETF has a 1-year low of $31.67 and a 1-year high of $43.13. The stock has a market capitalization of $1.13 billion, a P/E ratio of 23.59 and a beta of 0.86.

Horizon Kinetics Inflation Beneficiaries ETF Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, March 27th. Stockholders of record on Wednesday, March 26th were issued a $0.17 dividend. This is a boost from Horizon Kinetics Inflation Beneficiaries ETF’s previous dividend of $0.14. The ex-dividend date was Wednesday, March 26th.

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.