AXS Astoria Inflation Sensitive ETF (NYSEARCA:PPI) Trading Up 0.2% – Still a Buy?

AXS Astoria Inflation Sensitive ETF (NYSEARCA:PPI)’s share price rose 0.2% during mid-day trading on Monday . The company traded as high as $14.53 and last traded at $14.53. 8,394 shares changed hands during trading, a decline of 55% from the average daily volume of 18,654 shares. The stock had previously closed at $14.50.

AXS Astoria Inflation Sensitive ETF Trading Up 0.7 %

The business’s 50-day simple moving average is $15.36 and its 200-day simple moving average is $15.20. The company has a market capitalization of $58.37 million, a PE ratio of 3.53 and a beta of 0.77.

Institutional Investors Weigh In On AXS Astoria Inflation Sensitive ETF

A number of institutional investors have recently modified their holdings of PPI. Harbour Investments Inc. grew its position in shares of AXS Astoria Inflation Sensitive ETF by 76.1% in the second quarter. Harbour Investments Inc. now owns 8,960 shares of the company’s stock valued at $134,000 after purchasing an additional 3,873 shares during the period. Onyx Bridge Wealth Group LLC boosted its position in AXS Astoria Inflation Sensitive ETF by 13.9% during the third quarter. Onyx Bridge Wealth Group LLC now owns 48,760 shares of the company’s stock worth $756,000 after acquiring an additional 5,966 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in AXS Astoria Inflation Sensitive ETF by 80.8% in the 2nd quarter. Commonwealth Equity Services LLC now owns 22,791 shares of the company’s stock worth $340,000 after purchasing an additional 10,188 shares in the last quarter. AlTi Global Inc. acquired a new position in shares of AXS Astoria Inflation Sensitive ETF during the 2nd quarter worth approximately $188,000. Finally, Private Advisor Group LLC grew its position in shares of AXS Astoria Inflation Sensitive ETF by 101.9% in the second quarter. Private Advisor Group LLC now owns 41,515 shares of the company’s stock valued at $619,000 after purchasing an additional 20,950 shares in 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.