AXS Astoria Inflation Sensitive ETF (NYSEARCA:PPI) Stock Price Up 0.6% – Still a Buy?

AXS Astoria Inflation Sensitive ETF (NYSEARCA:PPI)’s share price rose 0.6% during mid-day trading on Wednesday . The stock traded as high as $15.33 and last traded at $15.31. Approximately 3,765 shares changed hands during trading, a decline of 82% from the average daily volume of 20,568 shares. The stock had previously closed at $15.22.

AXS Astoria Inflation Sensitive ETF Price Performance

The company has a market cap of $60.85 million, a P/E ratio of 3.53 and a beta of 0.77. The business’s 50 day moving average price is $15.08 and its 200-day moving average price is $15.19.

Institutional Trading of AXS Astoria Inflation Sensitive ETF

An institutional investor recently raised its position in AXS Astoria Inflation Sensitive ETF stock. Onyx Bridge Wealth Group LLC raised its holdings in shares of AXS Astoria Inflation Sensitive ETF (NYSEARCA:PPI) by 13.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 48,760 shares of the company’s stock after purchasing an additional 5,966 shares during the period. Onyx Bridge Wealth Group LLC owned 1.22% of AXS Astoria Inflation Sensitive ETF worth $756,000 as of its most recent filing with the Securities and Exchange Commission.

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.