AXS Astoria Real Assets ETF (NASDAQ:PPI) Stock Price Down 1% – What’s Next?

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

AXS Astoria Real Assets ETF Price Performance

The firm has a market capitalization of $152.22 million, a P/E ratio of 17.44 and a beta of 0.85. The firm’s 50 day moving average is $21.42 and its two-hundred day moving average is $21.02.

AXS Astoria Real Assets ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 29th. Shareholders of record on Thursday, June 25th were paid a $0.1157 dividend. 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 2.2%. The ex-dividend date was Thursday, June 25th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Sound Income Strategies LLC acquired a new stake in AXS Astoria Real Assets ETF in the 1st quarter valued at about $94,000. Vermillion & White Wealth Management Group LLC increased its position in AXS Astoria Real Assets ETF by 4.2% during the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 188,372 shares of the company’s stock worth $3,548,000 after buying an additional 7,590 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in AXS Astoria Real Assets ETF during the fourth quarter worth approximately $3,899,000. Cascades Capital Asset Management LLC raised its stake in AXS Astoria Real Assets ETF by 49.1% in the fourth 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 during the period. Finally, Ameriprise Financial Inc. bought a new stake in AXS Astoria Real Assets ETF in the third quarter valued at approximately $326,000.

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.