AXS Astoria Inflation Sensitive ETF (NYSEARCA:PPI) Shares Up 1.4% – What’s Next?

AXS Astoria Inflation Sensitive ETF (NYSEARCA:PPI) shares traded up 1.4% on Tuesday . The stock traded as high as $15.00 and last traded at $14.99. 194,694 shares changed hands during trading, an increase of 410% from the average session volume of 38,174 shares. The stock had previously closed at $14.79.

AXS Astoria Inflation Sensitive ETF Stock Up 1.4 %

The company’s fifty day moving average is $15.14 and its 200 day moving average is $15.17. The firm has a market cap of $59.81 million, a price-to-earnings ratio of 3.53 and a beta of 0.77.

Institutional Trading of AXS Astoria Inflation Sensitive ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Onyx Bridge Wealth Group LLC raised its stake in AXS Astoria Inflation Sensitive ETF by 13.9% in the third quarter. Onyx Bridge Wealth Group LLC now owns 48,760 shares of the company’s stock valued at $756,000 after buying an additional 5,966 shares during the period. AlTi Global Inc. bought a new position in shares of AXS Astoria Inflation Sensitive ETF during the 2nd quarter worth approximately $188,000. Private Advisor Group LLC increased its holdings in shares of AXS Astoria Inflation Sensitive ETF by 101.9% during the 2nd quarter. Private Advisor Group LLC now owns 41,515 shares of the company’s stock worth $619,000 after acquiring an additional 20,950 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its holdings in shares of AXS Astoria Inflation Sensitive ETF by 80.8% during the 2nd quarter. Commonwealth Equity Services LLC now owns 22,791 shares of the company’s stock worth $340,000 after acquiring an additional 10,188 shares during the last quarter.

AXS Astoria Inflation Sensitive ETF Company Profile

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.