AXS Astoria Real Assets ETF (NASDAQ:PPI) Trading Down 1% – Time to Sell?

AXS Astoria Real Assets ETF (NASDAQ:PPI)’s stock price traded down 1% during mid-day trading on Thursday . The company traded as low as $20.80 and last traded at $20.87. 26,894 shares changed hands during mid-day trading, a decline of 41% from the average daily volume of 45,289 shares. The stock had previously closed at $21.09.

AXS Astoria Real Assets ETF Stock Performance

The firm has a market capitalization of $151.93 million, a PE ratio of 17.44 and a beta of 0.85. The company has a fifty day moving average price of $21.44 and a 200-day moving average price of $21.02.

AXS Astoria Real Assets ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 29th. Investors of record on Thursday, June 25th were given a $0.1157 dividend. This is a boost from AXS Astoria Real Assets ETF’s previous quarterly dividend of $0.06. This represents a $0.46 annualized dividend and a yield of 2.2%. The ex-dividend date was Thursday, June 25th.

Hedge Funds Weigh In On AXS Astoria Real Assets ETF

Institutional investors have recently bought and sold shares of the business. Sound Income Strategies LLC purchased a new position in shares of AXS Astoria Real Assets ETF in the 1st quarter worth $94,000. Ameriprise Financial Inc. bought a new stake in shares of AXS Astoria Real Assets ETF in the 3rd quarter worth about $326,000. Cascades Capital Asset Management LLC increased its holdings in shares of AXS Astoria Real Assets ETF by 49.1% in the 4th 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 during the last quarter. Vermillion & White Wealth Management Group LLC raised its position in shares of AXS Astoria Real Assets ETF by 4.2% during the 4th quarter. Vermillion & White Wealth Management Group LLC now owns 188,372 shares of the company’s stock valued at $3,548,000 after buying an additional 7,590 shares in the last quarter. Finally, Janney Montgomery Scott LLC purchased a new stake in shares of AXS Astoria Real Assets ETF during the 4th quarter valued at 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.