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

AXS Astoria Inflation Sensitive ETF (NYSEARCA:PPI)’s stock is going to split on Wednesday, May 1st. The 2-1 split was announced on Wednesday, May 1st. The newly created shares will be issued to shareholders after the market closes on Wednesday, May 1st.

AXS Astoria Inflation Sensitive ETF Trading Down 0.2 %

PPI stock traded down $0.07 during midday trading on Friday, reaching $30.89. The stock had a trading volume of 4,985 shares, compared to its average volume of 7,835. The company’s fifty day simple moving average is $30.38 and its 200 day simple moving average is $27.76. The company has a market cap of $60.86 million, a price-to-earnings ratio of 7.20 and a beta of 0.77. AXS Astoria Inflation Sensitive ETF has a 52-week low of $23.65 and a 52-week high of $32.49.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Hobbs Group Advisors LLC purchased a new position in shares of AXS Astoria Inflation Sensitive ETF during the 4th quarter worth $11,715,000. Avestar Capital LLC grew its position in AXS Astoria Inflation Sensitive ETF by 21.0% in the 4th quarter. Avestar Capital LLC now owns 93,713 shares of the company’s stock valued at $2,573,000 after acquiring an additional 16,296 shares in the last quarter. Astoria Portfolio Advisors LLC. grew its position in AXS Astoria Inflation Sensitive ETF by 4.0% in the 4th quarter. Astoria Portfolio Advisors LLC. now owns 778,675 shares of the company’s stock valued at $21,522,000 after acquiring an additional 30,027 shares in the last quarter. Private Advisor Group LLC grew its position in AXS Astoria Inflation Sensitive ETF by 15.3% in the 4th quarter. Private Advisor Group LLC now owns 39,946 shares of the company’s stock valued at $1,094,000 after acquiring an additional 5,294 shares in the last quarter. Finally, Onyx Bridge Wealth Group LLC grew its position in 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 acquiring an additional 545 shares in 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.