AXS Astoria Real Assets ETF (NASDAQ:PPI) Increases Dividend to $0.12 Per Share

AXS Astoria Real Assets ETF (NASDAQ:PPI) declared a quarterly dividend on Thursday, June 25th, NASDAQ Dividends reports. Shareholders of record on Thursday, June 25th will be given a dividend of 0.1157 per share on Monday, June 29th. This represents a c) annualized dividend and a yield of 2.2%. The ex-dividend date is Thursday, June 25th. This is a 91.2% increase from AXS Astoria Real Assets ETF’s previous quarterly dividend of $0.06.

AXS Astoria Real Assets ETF Stock Performance

Shares of NASDAQ PPI traded up $0.16 during trading on Thursday, hitting $21.33. The company had a trading volume of 15,162 shares, compared to its average volume of 47,401. AXS Astoria Real Assets ETF has a 52 week low of $16.13 and a 52 week high of $22.44. The business’s 50-day moving average is $21.70 and its 200 day moving average is $20.75. The company has a market cap of $154.22 million, a P/E ratio of 17.44 and a beta of 0.85.

Institutional Investors Weigh In On AXS Astoria Real Assets ETF

Several hedge funds have recently modified their holdings of the stock. Janney Montgomery Scott LLC acquired a new position in shares of AXS Astoria Real Assets ETF in the 4th quarter valued at $3,899,000. Cascades Capital Asset Management LLC increased its stake in AXS Astoria Real Assets ETF by 49.1% in the 4th quarter. Cascades Capital Asset Management LLC now owns 61,723 shares of the company’s stock worth $1,150,000 after purchasing an additional 20,323 shares in the last quarter. Ameriprise Financial Inc. acquired a new stake in AXS Astoria Real Assets ETF during the 3rd quarter worth about $326,000. Vermillion & White Wealth Management Group LLC lifted its stake in AXS Astoria Real Assets ETF by 5.1% during the third quarter. Vermillion & White Wealth Management Group LLC now owns 180,782 shares of the company’s stock valued at $3,313,000 after buying an additional 8,831 shares in the last quarter. Finally, Sound Income Strategies LLC acquired a new position in shares of AXS Astoria Real Assets ETF in the first quarter worth about $94,000.

About AXS Astoria Real Assets ETF

The Investment Managers Series Trust II AXS Astoria Real Assets ETF (PPI) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively managed asset allocation fund seeking long-term capital appreciation by holding real asset-like investments expected to benefit from rising costs of goods and services. PPI was launched on Dec 30, 2021 and is issued by AXS Investments.