AXS Astoria Real Assets ETF (NASDAQ:PPI) Stock Price Down 0.9% – Should You Sell?

AXS Astoria Real Assets ETF (NASDAQ:PPI) shares traded down 0.9% during trading on Wednesday . The stock traded as low as $21.08 and last traded at $21.17. 27,539 shares were traded during mid-day trading, a decline of 42% from the average daily volume of 47,672 shares. The stock had previously closed at $21.37.

AXS Astoria Real Assets ETF Stock Performance

The company has a market cap of $152.84 million, a P/E ratio of 17.44 and a beta of 0.85. The business has a 50 day moving average price of $21.69 and a two-hundred day moving average price of $20.77.

AXS Astoria Real Assets ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Thursday, June 25th will be paid a dividend of $0.1157 per share. This represents a $0.46 dividend on an annualized basis and a dividend yield of 2.2%. This is a boost from AXS Astoria Real Assets ETF’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Thursday, June 25th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Sound Income Strategies LLC purchased a new position in shares of AXS Astoria Real Assets ETF in the first quarter valued at about $94,000. Vermillion & White Wealth Management Group LLC grew its stake in shares of AXS Astoria Real Assets ETF by 4.2% in the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 188,372 shares of the company’s stock worth $3,548,000 after purchasing an additional 7,590 shares during the last quarter. Janney Montgomery Scott LLC purchased a new position in AXS Astoria Real Assets ETF during the 4th quarter valued at about $3,899,000. Cascades Capital Asset Management LLC raised its position in AXS Astoria Real Assets ETF by 49.1% during the 4th quarter. Cascades Capital Asset Management LLC now owns 61,723 shares of the company’s stock valued at $1,150,000 after purchasing an additional 20,323 shares during the last quarter. Finally, Ameriprise Financial Inc. bought a new position in AXS Astoria Real Assets ETF during the 3rd quarter valued at approximately $326,000.

About AXS Astoria Real Assets ETF

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.