AXS Astoria Real Assets ETF (NASDAQ:PPI) Trading Up 0.6% – Time to Buy?

AXS Astoria Real Assets ETF (NASDAQ:PPI) shares rose 0.6% during trading on Friday . The stock traded as high as $20.21 and last traded at $20.19. Approximately 7,944 shares changed hands during trading, a decline of 59% from the average daily volume of 19,410 shares. The stock had previously closed at $20.07.

AXS Astoria Real Assets ETF Stock Up 0.6%

The firm has a market capitalization of $92.67 million, a P/E ratio of 17.44 and a beta of 0.92. The firm has a 50 day moving average of $18.88 and a 200-day moving average of $18.15.

AXS Astoria Real Assets ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Tuesday, December 23rd were issued a dividend of $0.0493 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Tuesday, December 23rd.

Institutional Investors Weigh In On AXS Astoria Real Assets ETF

Several institutional investors and hedge funds have recently bought and sold shares of PPI. Ameriprise Financial Inc. bought a new stake in shares of AXS Astoria Real Assets ETF during the 3rd quarter valued at approximately $326,000. Flow Traders U.S. LLC lifted its stake in AXS Astoria Real Assets ETF by 32.9% in the 2nd quarter. Flow Traders U.S. LLC now owns 50,412 shares of the company’s stock valued at $824,000 after purchasing an additional 12,467 shares during the last quarter. Finally, Vermillion & White Wealth Management Group LLC boosted its position in AXS Astoria Real Assets ETF by 7.2% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 171,951 shares of the company’s stock valued at $2,811,000 after buying an additional 11,526 shares in the last quarter.

About AXS Astoria Real Assets ETF

The Investment Managers Series Trust II AXS Astoria Real Assets ETF (PPI) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively managed asset allocation fund seeking long-term capital appreciation by holding real asset-like investments expected to benefit from rising costs of goods and services. PPI was launched on Dec 30, 2021 and is issued by AXS Investments.