AXS Astoria Real Assets ETF (NASDAQ:PPI) Stock Price Down 0.4% – Time to Sell?

AXS Astoria Real Assets ETF (NASDAQ:PPI) traded down 0.4% on Monday. The company traded as low as $19.86 and last traded at $19.86. Approximately 61,127 shares were traded during trading, an increase of 60% from the average daily volume of 38,279 shares. The stock had previously closed at $19.94.

AXS Astoria Real Assets ETF Stock Down 1.7%

The firm has a 50 day simple moving average of $20.48 and a 200-day simple moving average of $21.06. The stock has a market cap of $151.12 million, a P/E ratio of 17.44 and a beta of 0.85.

AXS Astoria Real Assets ETF Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 28th. Investors of record on Thursday, September 24th were paid a $0.0683 dividend. This represents a $0.27 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Thursday, September 24th.

Institutional Investors Weigh In On AXS Astoria Real Assets ETF

An institutional investor recently bought a new stake in AXS Astoria Real Assets ETF stock. Sound Income Strategies LLC acquired a new stake in AXS Astoria Real Assets ETF (NASDAQ:PPI) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 4,486 shares of the company’s stock, valued at approximately $94,000. Sound Income Strategies LLC owned about 0.06% of AXS Astoria Real Assets ETF at the end of the most recent reporting period.

AXS Astoria Real Assets ETF Company Profile

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.