AXS Astoria Real Assets ETF (NASDAQ:PPI) Shares Up 0.8% – Should You Buy?

AXS Astoria Real Assets ETF (NASDAQ:PPI)’s stock price was up 0.8% on Thursday . The company traded as high as $18.62 and last traded at $18.49. Approximately 13,635 shares changed hands during trading, a decline of 11% from the average daily volume of 15,398 shares. The stock had previously closed at $18.34.

AXS Astoria Real Assets ETF Stock Up 0.8%

The firm has a market cap of $73.40 million, a P/E ratio of 17.44 and a beta of 0.92. The business has a fifty day moving average of $18.58 and a 200 day moving average of $17.58.

AXS Astoria Real Assets ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 26th were given a dividend of $0.0524 per share. This represents a $0.21 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Friday, September 26th.

Hedge Funds Weigh In On AXS Astoria Real Assets ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vermillion & White Wealth Management Group LLC increased its holdings in shares of AXS Astoria Real Assets ETF by 5.1% during the third quarter. Vermillion & White Wealth Management Group LLC now owns 180,782 shares of the company’s stock valued at $3,313,000 after acquiring an additional 8,831 shares in the last quarter. Flow Traders U.S. LLC raised its position in shares of AXS Astoria Real Assets ETF by 32.9% in the second quarter. Flow Traders U.S. LLC now owns 50,412 shares of the company’s stock worth $824,000 after buying an additional 12,467 shares in the last quarter. Finally, Ameriprise Financial Inc. purchased a new position in AXS Astoria Real Assets ETF in the third quarter worth $326,000.

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.