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

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

AXS Astoria Inflation Sensitive ETF Trading Down 0.2 %

PPI traded down $0.07 during mid-day trading on Friday, hitting $30.89. 4,985 shares of the stock were exchanged, compared to its average volume of 7,835. The firm’s fifty day moving average is $30.38 and its two-hundred day moving average is $27.76. AXS Astoria Inflation Sensitive ETF has a 1-year low of $23.65 and a 1-year high of $32.49. The company has a market cap of $60.86 million, a PE ratio of 7.20 and a beta of 0.77.

Institutional Investors Weigh In On AXS Astoria Inflation Sensitive ETF

Several large investors have recently bought and sold shares of the stock. UBS Group AG increased its holdings in shares of AXS Astoria Inflation Sensitive ETF by 117.9% in the 4th quarter. UBS Group AG now owns 1,220 shares of the company’s stock valued at $31,000 after acquiring an additional 660 shares during the last quarter. PNC Financial Services Group Inc. purchased a new position in shares of AXS Astoria Inflation Sensitive ETF in the 3rd quarter valued at about $38,000. Advisor Group Holdings Inc. purchased a new position in shares of AXS Astoria Inflation Sensitive ETF in the 1st quarter valued at about $131,000. Royal Bank of Canada purchased a new position in shares of AXS Astoria Inflation Sensitive ETF in the 1st quarter valued at about $160,000. Finally, Gladstone Institutional Advisory LLC purchased a new position in shares of AXS Astoria Inflation Sensitive ETF in the 1st quarter valued at about $210,000.

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.