ActivePassive Core Bond ETF (NYSEARCA:APCB) Sets New 1-Year Low – Here’s What Happened

ActivePassive Core Bond ETF (NYSEARCA:APCB) shares hit a new 52-week low during trading on Monday. The stock traded as low as $27.98 and last traded at $27.9950, with a volume of 59656 shares trading hands. The stock had previously closed at $28.10.

ActivePassive Core Bond ETF Stock Performance

The business has a 50 day moving average of $28.75 and a two-hundred day moving average of $29.14.

ActivePassive Core Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, October 2nd. Investors of record on Thursday, October 1st were issued a $0.0255 dividend. The ex-dividend date was Thursday, October 1st. This represents a $0.31 dividend on an annualized basis and a dividend yield of 1.1%. This is a decrease from ActivePassive Core Bond ETF’s previous monthly dividend of $0.0765.

Institutional Investors Weigh In On ActivePassive Core Bond ETF

An institutional investor recently bought a new position in ActivePassive Core Bond ETF stock. Harbor Investment Advisory LLC acquired a new position in shares of ActivePassive Core Bond ETF (NYSEARCA:APCB) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 3,171 shares of the company’s stock, valued at approximately $93,000.

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.