ActivePassive Core Bond ETF (NYSEARCA:APCB) Sees Large Volume Increase – Still a Buy?

Shares of ActivePassive Core Bond ETF (NYSEARCA:APCB) saw unusually-strong trading volume on Friday . 98,586 shares changed hands during trading, an increase of 61% from the previous session’s volume of 61,297 shares.The stock last traded at $29.58 and had previously closed at $29.54.

ActivePassive Core Bond ETF Trading Up 0.3 %

The business has a 50-day moving average price of $29.08 and a two-hundred day moving average price of $29.62.

Hedge Funds Weigh In On ActivePassive Core Bond ETF

Several institutional investors have recently modified their holdings of APCB. First Horizon Advisors Inc. boosted its position in shares of ActivePassive Core Bond ETF by 7.8% during the third quarter. First Horizon Advisors Inc. now owns 6,863 shares of the company’s stock worth $208,000 after buying an additional 498 shares during the period. Pinnacle Bancorp Inc. raised its stake in ActivePassive Core Bond ETF by 182.4% during the 4th quarter. Pinnacle Bancorp Inc. now owns 2,395 shares of the company’s stock valued at $69,000 after acquiring an additional 1,547 shares in the last quarter. Finally, OLD Mission Capital LLC bought a new stake in ActivePassive Core Bond ETF during the 4th quarter valued at $1,511,000.

ActivePassive Core Bond ETF Company Profile

The ActivePassive Core Bond ETF (APCB) is an exchange-traded fund that is based on the Bloomberg U.S. Aggregate Bond index. The fund is an actively managed fund that blends active and passive investment strategies. The fund seeks to provide current income with low volatility of principal APCB was launched on May 3, 2023 and is managed by Envestnet.