AXS Astoria Real Assets ETF (NASDAQ:PPI) Raises Dividend to $0.06 Per Share

AXS Astoria Real Assets ETF (NASDAQ:PPI) announced a quarterly dividend on Wednesday, March 25th, NASDAQ Dividends reports. Shareholders of record on Wednesday, March 25th will be given a dividend of 0.0605 per share on Friday, March 27th. This represents a c) dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Wednesday, March 25th. This is a 22.7% increase from AXS Astoria Real Assets ETF’s previous quarterly dividend of $0.05.

AXS Astoria Real Assets ETF Stock Performance

PPI opened at $20.89 on Thursday. The firm has a market cap of $99.85 million, a price-to-earnings ratio of 17.44 and a beta of 0.92. The firm’s 50-day simple moving average is $20.79 and its 200-day simple moving average is $19.35. AXS Astoria Real Assets ETF has a twelve month low of $12.47 and a twelve month high of $22.02.

Hedge Funds Weigh In On AXS Astoria Real Assets ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Ameriprise Financial Inc. acquired a new stake in AXS Astoria Real Assets ETF during the 3rd quarter worth $326,000. Flow Traders U.S. LLC lifted its stake in AXS Astoria Real Assets ETF by 32.9% in the second quarter. Flow Traders U.S. LLC now owns 50,412 shares of the company’s stock valued at $824,000 after acquiring an additional 12,467 shares during the last quarter. Cascades Capital Asset Management LLC increased its position in AXS Astoria Real Assets ETF by 49.1% during the fourth quarter. Cascades Capital Asset Management LLC now owns 61,723 shares of the company’s stock worth $1,150,000 after buying an additional 20,323 shares during the last quarter. Vermillion & White Wealth Management Group LLC boosted its position in AXS Astoria Real Assets ETF by 7.2% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 171,951 shares of the company’s stock worth $2,811,000 after purchasing an additional 11,526 shares during the period. Finally, Janney Montgomery Scott LLC bought a new stake in shares of AXS Astoria Real Assets ETF during the 4th quarter worth about $3,899,000.

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.