ActivePassive International Equity ETF (NYSEARCA:APIE) Reaches New 52-Week High – Time to Buy?

Shares of ActivePassive International Equity ETF (NYSEARCA:APIE) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $31.34 and last traded at $30.97, with a volume of 57548 shares trading hands. The stock had previously closed at $30.50.

ActivePassive International Equity ETF Trading Down 0.2 %

The firm’s 50 day simple moving average is $29.11 and its 200-day simple moving average is $29.39. The stock has a market capitalization of $740.52 million, a price-to-earnings ratio of 12.91 and a beta of 0.90.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in ActivePassive International Equity ETF stock. Pinnacle Bancorp Inc. grew its position in ActivePassive International Equity ETF (NYSEARCA:APIE) by 189.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,586 shares of the company’s stock after acquiring an additional 1,692 shares during the period. Pinnacle Bancorp Inc.’s holdings in ActivePassive International Equity ETF were worth $72,000 at the end of the most recent quarter.

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.