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 going to split on the morning of Wednesday, May 1st. The 2-1 split was announced on Wednesday, May 1st. The newly created shares will be payable to shareholders after the market closes on Wednesday, May 1st.

AXS Astoria Inflation Sensitive ETF Trading Down 0.2 %

NYSEARCA PPI traded down $0.07 during trading on Friday, hitting $30.89. 4,985 shares of the company traded hands, compared to its average volume of 7,835. AXS Astoria Inflation Sensitive ETF has a 12 month low of $23.65 and a 12 month high of $32.49. The business has a fifty day simple moving average of $30.38 and a 200 day simple moving average of $27.76. The company has a market capitalization of $60.86 million, a P/E ratio of 7.20 and a beta of 0.77.

Hedge Funds Weigh In On AXS Astoria Inflation Sensitive ETF

Institutional investors have recently bought and sold shares of the stock. Advisor Group Holdings Inc. bought a new position in shares of AXS Astoria Inflation Sensitive ETF in the first quarter worth about $131,000. Royal Bank of Canada bought a new position in shares of AXS Astoria Inflation Sensitive ETF in the first quarter worth about $160,000. Envestnet Asset Management Inc. bought a new position in shares of AXS Astoria Inflation Sensitive ETF in the second quarter worth about $434,000. Citadel Advisors LLC bought a new position in shares of AXS Astoria Inflation Sensitive ETF in the second quarter worth about $1,263,000. Finally, Kingsview Wealth Management LLC bought a new position in shares of AXS Astoria Inflation Sensitive ETF in the second quarter worth about $488,000.

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.