ActivePassive U.S. Equity ETF (NYSEARCA:APUE) Reaches New 12-Month High – Here’s What Happened

ActivePassive U.S. Equity ETF (NYSEARCA:APUE) reached a new 52-week high on Tuesday . The company traded as high as $45.35 and last traded at $45.26, with a volume of 82641 shares trading hands. The stock had previously closed at $45.23.

ActivePassive U.S. Equity ETF Price Performance

The business’s 50-day moving average price is $41.99 and its two-hundred day moving average price is $41.92. The company has a market capitalization of $2.47 billion, a price-to-earnings ratio of 23.42 and a beta of 1.00.

Institutional Investors Weigh In On ActivePassive U.S. Equity ETF

An institutional investor recently bought a new position in ActivePassive U.S. Equity ETF stock. NewEdge Advisors LLC purchased a new stake in ActivePassive U.S. Equity ETF (NYSEARCA:APUE) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,696 shares of the company’s stock, valued at approximately $58,000.

ActivePassive U.S. Equity ETF Company Profile

The ActivePassive U.S. Equity ETF (APUE) is an exchange-traded fund that is based on the CRSP US Large Cap index. The fund blends an active and passive management approach to build its portfolio. The fund aims to optimize costs, tracking and potentially produce higher returns by shifting exposure between active and passive investments in the broad US equity market APUE was launched on May 3, 2023 and is managed by Envestnet.