AXS Astoria Real Assets ETF (NASDAQ:PPI) Trading Up 0.2% – Here’s What Happened

AXS Astoria Real Assets ETF (NASDAQ:PPI)’s stock price was up 0.2% during mid-day trading on Friday . The stock traded as high as $21.74 and last traded at $21.65. 23,217 shares traded hands during trading, a decline of 46% from the average daily volume of 42,718 shares. The stock had previously closed at $21.60.

AXS Astoria Real Assets ETF Stock Performance

The firm has a market capitalization of $161.29 million, a PE ratio of 17.44 and a beta of 0.85. The firm’s 50-day moving average is $21.28 and its 200 day moving average is $21.32.

AXS Astoria Real Assets ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 29th. Shareholders of record on Thursday, June 25th were given a dividend of $0.1157 per share. The ex-dividend date was Thursday, June 25th. This is an increase from AXS Astoria Real Assets ETF’s previous quarterly dividend of $0.06. This represents a $0.46 dividend on an annualized basis and a yield of 2.1%.

Institutional Trading of AXS Astoria Real Assets ETF

Several large investors have recently modified their holdings of the business. Janney Montgomery Scott LLC purchased a new position in shares of AXS Astoria Real Assets ETF during the 4th quarter worth approximately $3,899,000. Vermillion & White Wealth Management Group LLC lifted its stake in AXS Astoria Real Assets ETF by 4.2% in 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. Cascades Capital Asset Management LLC lifted its stake in 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 valued at $1,150,000 after buying an additional 20,323 shares in the last quarter. Ameriprise Financial Inc. acquired a new stake in AXS Astoria Real Assets ETF during the 3rd quarter valued at $326,000. Finally, Sound Income Strategies LLC acquired a new stake in AXS Astoria Real Assets ETF during the 1st quarter valued at $94,000.

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.