AXS Astoria Real Assets ETF (NASDAQ:PPI) Stock Price Down 0.9% – Here’s What Happened

AXS Astoria Real Assets ETF (NASDAQ:PPI)’s share price fell 0.9% during trading on Wednesday . The company traded as low as $21.08 and last traded at $21.17. 27,539 shares changed hands during trading, a decline of 42% from the average session volume of 47,672 shares. The stock had previously closed at $21.37.

AXS Astoria Real Assets ETF Price Performance

The stock has a market capitalization of $153.06 million, a price-to-earnings ratio of 17.44 and a beta of 0.85. The stock has a 50 day moving average price of $21.70 and a 200-day moving average price of $20.75.

Institutional Investors Weigh In On AXS Astoria Real Assets ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in PPI. Sound Income Strategies LLC purchased a new stake in shares of AXS Astoria Real Assets ETF during the first quarter worth $94,000. Ameriprise Financial Inc. acquired a new stake in shares of AXS Astoria Real Assets ETF in the third quarter valued at about $326,000. Cascades Capital Asset Management LLC lifted its stake in shares of AXS Astoria Real Assets ETF by 49.1% in the fourth quarter. Cascades Capital Asset Management LLC now owns 61,723 shares of the company’s stock worth $1,150,000 after buying an additional 20,323 shares in the last quarter. Vermillion & White Wealth Management Group LLC lifted its stake in shares of AXS Astoria Real Assets ETF by 5.1% in the third quarter. Vermillion & White Wealth Management Group LLC now owns 180,782 shares of the company’s stock worth $3,313,000 after buying an additional 8,831 shares in the last quarter. Finally, Janney Montgomery Scott LLC purchased a new position in shares of AXS Astoria Real Assets ETF in the fourth quarter worth about $3,899,000.

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.