AXS Astoria Inflation Sensitive ETF (NYSEARCA:PPI) Shares to Split on Wednesday, May 1st

Shares of AXS Astoria Inflation Sensitive ETF (NYSEARCA:PPI) are scheduled to split on Wednesday, May 1st. The 2-1 split was announced on Wednesday, May 1st. The newly issued shares will be issued to shareholders after the market closes on Wednesday, May 1st.

AXS Astoria Inflation Sensitive ETF Stock Up 0.6 %

PPI opened at $31.20 on Friday. The business’s fifty day simple moving average is $30.75 and its 200 day simple moving average is $28.02. AXS Astoria Inflation Sensitive ETF has a 52 week low of $23.65 and a 52 week high of $32.49. The stock has a market cap of $61.46 million, a PE ratio of 7.20 and a beta of 0.77.

Hedge Funds Weigh In On AXS Astoria Inflation Sensitive ETF

Several institutional investors and hedge funds have recently bought and sold shares of PPI. Avestar Capital LLC bought a new stake in AXS Astoria Inflation Sensitive ETF in the 3rd quarter worth $1,990,000. Private Advisor Group LLC lifted its holdings in AXS Astoria Inflation Sensitive ETF by 15.5% in the 3rd quarter. Private Advisor Group LLC now owns 34,652 shares of the company’s stock worth $888,000 after buying an additional 4,639 shares during the period. Kingsview Wealth Management LLC grew its position in shares of AXS Astoria Inflation Sensitive ETF by 3.0% in the 3rd quarter. Kingsview Wealth Management LLC now owns 26,024 shares of the company’s stock worth $667,000 after buying an additional 763 shares during the last quarter. PNC Financial Services Group Inc. purchased a new position in shares of AXS Astoria Inflation Sensitive ETF during the third quarter valued at approximately $38,000. Finally, One Plus One Wealth Management LLC bought a new position in shares of AXS Astoria Inflation Sensitive ETF during the fourth quarter valued at approximately $285,000.

AXS Astoria Inflation Sensitive ETF Company Profile

The AXS Astoria Inflation Sensitive ETF (PPI) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively managed, multi-asset ETF seeking long-term capital appreciation. The fund targets asset classes that are expected to benefit from an inflationary environment, such as global cyclical stocks, commodities, and TIPS.