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

AXS Astoria Inflation Sensitive ETF (NYSEARCA:PPI)’s stock is 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 issued to shareholders after the closing bell on Wednesday, May 1st.

AXS Astoria Inflation Sensitive ETF Stock Performance

Shares of PPI opened at $30.89 on Tuesday. The business has a 50-day moving average of $30.50 and a 200 day moving average of $27.89. AXS Astoria Inflation Sensitive ETF has a fifty-two week low of $23.65 and a fifty-two week high of $32.49. The firm has a market cap of $60.85 million, a P/E ratio of 7.20 and a beta of 0.77.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. bought a new stake in shares of AXS Astoria Inflation Sensitive ETF during the 3rd quarter valued at about $38,000. One Plus One Wealth Management LLC bought a new stake in shares of AXS Astoria Inflation Sensitive ETF during the 4th quarter valued at about $285,000. Onyx Bridge Wealth Group LLC boosted its position in shares of AXS Astoria Inflation Sensitive ETF by 3.3% during 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 during the last quarter. Kingsview Wealth Management LLC boosted its position in shares of AXS Astoria Inflation Sensitive ETF by 3.0% during the 3rd quarter. Kingsview Wealth Management LLC now owns 26,024 shares of the company’s stock valued at $667,000 after acquiring an additional 763 shares during the last quarter. Finally, Private Advisor Group LLC boosted its position in shares of AXS Astoria Inflation Sensitive ETF by 15.5% during the 3rd quarter. Private Advisor Group LLC now owns 34,652 shares of the company’s stock valued at $888,000 after acquiring an additional 4,639 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.