AXS Astoria Inflation Sensitive ETF (NYSEARCA:PPI) Trading 1.4% Higher – Should You Buy?

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

AXS Astoria Inflation Sensitive ETF Price Performance

The stock’s fifty day moving average is $15.14 and its two-hundred day moving average is $15.17. The stock has a market capitalization of $59.81 million, a P/E ratio of 3.53 and a beta of 0.77.

Hedge Funds Weigh In On AXS Astoria Inflation Sensitive ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. AlTi Global Inc. bought a new stake in shares of AXS Astoria Inflation Sensitive ETF during the 2nd quarter worth about $188,000. Commonwealth Equity Services LLC boosted its position in AXS Astoria Inflation Sensitive ETF by 80.8% during the second 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 during the period. Private Advisor Group LLC grew its holdings in AXS Astoria Inflation Sensitive ETF by 101.9% during 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 during the last quarter. Finally, Onyx Bridge Wealth Group LLC raised its position in shares of 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 purchasing an additional 5,966 shares during the period.

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.