Baird Financial Group Inc. Purchases 5,577 Shares of Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL)

Baird Financial Group Inc. increased its holdings in shares of Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) by 7.2% during the 4th quarter, HoldingsChannel reports. The fund owned 82,567 shares of the company’s stock after buying an additional 5,577 shares during the period. Baird Financial Group Inc.’s holdings in Horizon Kinetics Inflation Beneficiaries ETF were worth $3,144,000 as of its most recent SEC filing.

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

Horizon Kinetics Inflation Beneficiaries ETF Stock Up 1.1 %

INFL opened at $41.43 on Friday. The stock has a market cap of $1.21 billion, a P/E ratio of 24.81 and a beta of 0.83. Horizon Kinetics Inflation Beneficiaries ETF has a 52-week low of $32.34 and a 52-week high of $43.13. The business has a fifty day moving average of $40.08 and a 200 day moving average of $40.05.

Horizon Kinetics Inflation Beneficiaries ETF Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, March 27th. Shareholders of record on Wednesday, March 26th were issued a dividend of $0.17 per share. The ex-dividend date was Wednesday, March 26th. This is a positive change from Horizon Kinetics Inflation Beneficiaries ETF’s previous dividend of $0.14.

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.