AXS Astoria Real Assets ETF (NASDAQ:PPI) Trading Up 1.5% – Here’s Why

Shares of AXS Astoria Real Assets ETF (NASDAQ:PPIGet Free Report) shot up 1.5% on Wednesday . The company traded as high as $18.52 and last traded at $18.47. 10,047 shares changed hands during trading, a decline of 34% from the average session volume of 15,285 shares. The stock had previously closed at $18.19.

AXS Astoria Real Assets ETF Stock Up 1.5%

The stock has a market capitalization of $72.77 million, a P/E ratio of 17.44 and a beta of 0.92. The company has a 50-day moving average price of $18.54 and a two-hundred day moving average price of $17.23.

AXS Astoria Real Assets ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 26th were issued a dividend of $0.0524 per share. This represents a $0.21 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Friday, September 26th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Ameriprise Financial Inc. bought a new position in shares of AXS Astoria Real Assets ETF in the third quarter worth $326,000. Flow Traders U.S. LLC increased its stake in AXS Astoria Real Assets ETF by 8.1% in the 1st quarter. Flow Traders U.S. LLC now owns 37,945 shares of the company’s stock worth $550,000 after acquiring an additional 2,858 shares during the last quarter. Finally, Vermillion & White Wealth Management Group LLC increased its stake in AXS Astoria Real Assets ETF by 7.2% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 171,951 shares of the company’s stock worth $2,811,000 after acquiring an additional 11,526 shares during the last quarter.

About AXS Astoria Real Assets ETF

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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.

Further Reading

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