ActivePassive International Equity ETF (NYSEARCA:APIE) Sees Large Volume Increase – Should You Buy?

ActivePassive International Equity ETF (NYSEARCA:APIE) shares saw unusually-strong trading volume on Friday . Approximately 50,384 shares traded hands during mid-day trading, a decline of 8% from the previous session’s volume of 54,577 shares.The stock last traded at $37.13 and had previously closed at $36.84.

ActivePassive International Equity ETF Trading Up 0.3%

The company’s 50-day moving average is $36.17 and its 200 day moving average is $35.23. The stock has a market capitalization of $983.88 million, a PE ratio of 16.03 and a beta of 0.68.

Institutional Investors Weigh In On ActivePassive International Equity ETF

An institutional investor recently raised its position in ActivePassive International Equity ETF stock. Wedbush Securities Inc. lifted its stake in ActivePassive International Equity ETF (NYSEARCA:APIE) by 33.7% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 45,843 shares of the company’s stock after buying an additional 11,559 shares during the quarter. Wedbush Securities Inc. owned approximately 0.18% of ActivePassive International Equity ETF worth $1,527,000 as of its most recent SEC filing.

About ActivePassive International Equity ETF

The ActivePassive International Equity ETF (APIE) is an exchange-traded fund that is based on the S&P Classic ADR Composite index. The fund is an actively managed fund that utilizes a core and explore investment strategy in pursuing international equity exposure. The strategy blends passive and active approach to optimize cost, tracking and potential return over its benchmark index. APIE was launched on May 3, 2023 and is managed by Envestnet.