Commonwealth Equity Services LLC Raises Position in AXS Astoria Inflation Sensitive ETF (NYSEARCA:PPI)

Commonwealth Equity Services LLC grew its stake in AXS Astoria Inflation Sensitive ETF (NYSEARCA:PPI) by 80.8% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 22,791 shares of the company’s stock after buying an additional 10,188 shares during the period. Commonwealth Equity Services LLC’s holdings in AXS Astoria Inflation Sensitive ETF were worth $340,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Harbour Investments Inc. lifted its position in shares of AXS Astoria Inflation Sensitive ETF by 76.1% in the second quarter. Harbour Investments Inc. now owns 8,960 shares of the company’s stock valued at $134,000 after acquiring an additional 3,873 shares in the last quarter. RFG Advisory LLC grew its stake in shares of AXS Astoria Inflation Sensitive ETF by 47.9% during the second quarter. RFG Advisory LLC now owns 11,687 shares of the company’s stock valued at $174,000 after buying an additional 3,786 shares during the last quarter. Family Firm Inc. bought a new position in shares of AXS Astoria Inflation Sensitive ETF during the second quarter valued at approximately $336,000. Wealth Enhancement Advisory Services LLC bought a new position in shares of AXS Astoria Inflation Sensitive ETF during the second quarter valued at approximately $379,000. Finally, Onyx Bridge Wealth Group LLC grew its stake in shares of AXS Astoria Inflation Sensitive ETF by 12.7% during the first quarter. Onyx Bridge Wealth Group LLC now owns 19,227 shares of the company’s stock valued at $600,000 after buying an additional 2,173 shares during the last quarter.

AXS Astoria Inflation Sensitive ETF Stock Performance

Shares of NYSEARCA PPI opened at $15.46 on Tuesday. The firm has a market capitalization of $61.67 million, a price-to-earnings ratio of 3.53 and a beta of 0.77. The stock has a 50 day moving average price of $15.01 and a 200 day moving average price of $15.28. AXS Astoria Inflation Sensitive ETF has a 52-week low of $12.25 and a 52-week high of $16.25.

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.