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

AXS Astoria Inflation Sensitive ETF (NYSEARCA:PPI) shares are set to split on the morning of 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 Performance

PPI stock opened at $30.89 on Tuesday. The firm has a market cap of $60.85 million, a price-to-earnings ratio of 7.20 and a beta of 0.77. The firm has a 50-day simple moving average of $30.50 and a two-hundred day simple moving average of $27.89. AXS Astoria Inflation Sensitive ETF has a one year low of $23.65 and a one year high of $32.49.

Institutional Trading of AXS Astoria Inflation Sensitive ETF

Hedge funds have recently modified their holdings of the company. PNC Financial Services Group Inc. purchased a new position in shares of AXS Astoria Inflation Sensitive ETF in the 3rd quarter valued at approximately $38,000. One Plus One Wealth Management LLC purchased a new position in shares of AXS Astoria Inflation Sensitive ETF in the 4th quarter valued at approximately $285,000. Onyx Bridge Wealth Group LLC raised its position in shares of AXS Astoria Inflation Sensitive ETF by 3.3% in the 4th quarter. Onyx Bridge Wealth Group LLC now owns 17,054 shares of the company’s stock valued at $467,000 after purchasing an additional 545 shares during the last quarter. Kingsview Wealth Management LLC raised 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 valued at $667,000 after purchasing an additional 763 shares during the last quarter. Finally, Private Advisor Group LLC raised its position in shares of 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 valued at $888,000 after purchasing an additional 4,639 shares during the last quarter.

About AXS Astoria Inflation Sensitive ETF

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.