Latitude Advisors LLC Sells 995 Shares of AXS Astoria Inflation Sensitive ETF (NYSEARCA:PPI)

Latitude Advisors LLC lessened its stake in shares of AXS Astoria Inflation Sensitive ETF (NYSEARCA:PPI) by 1.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 51,624 shares of the company’s stock after selling 995 shares during the period. AXS Astoria Inflation Sensitive ETF accounts for about 1.0% of Latitude Advisors LLC’s portfolio, making the stock its 20th biggest position. Latitude Advisors LLC owned about 2.15% of AXS Astoria Inflation Sensitive ETF worth $1,414,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Avestar Capital LLC acquired a new stake in shares of AXS Astoria Inflation Sensitive ETF during the 3rd quarter valued at $1,990,000. Kingsview Wealth Management LLC raised its position in shares of AXS Astoria Inflation Sensitive ETF by 3.0% in the 3rd quarter. Kingsview Wealth Management LLC now owns 26,024 shares of the company’s stock worth $667,000 after acquiring an additional 763 shares in the last quarter. PNC Financial Services Group Inc. bought a new position in shares of AXS Astoria Inflation Sensitive ETF in the 3rd quarter worth about $38,000. Private Advisor Group LLC raised its position in shares of AXS Astoria Inflation Sensitive ETF by 15.5% in the 3rd quarter. Private Advisor Group LLC now owns 34,652 shares of the company’s stock worth $888,000 after acquiring an additional 4,639 shares in the last quarter. Finally, One Plus One Wealth Management LLC bought a new position in shares of AXS Astoria Inflation Sensitive ETF in the 4th quarter worth about $285,000.

AXS Astoria Inflation Sensitive ETF Stock Performance

Shares of PPI stock traded up $0.04 during mid-day trading on Wednesday, hitting $31.30. The company’s stock had a trading volume of 258 shares, compared to its average volume of 8,001. The company’s fifty day simple moving average is $30.26 and its 200-day simple moving average is $27.72. AXS Astoria Inflation Sensitive ETF has a 52 week low of $23.65 and a 52 week high of $32.49. The company has a market cap of $61.66 million, a PE ratio of 7.20 and a beta of 0.77.

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.