ActivePassive International Equity ETF (NYSEARCA:APIE) Shares Gap Down – Should You Sell?

ActivePassive International Equity ETF (NYSEARCA:APIE)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $27.72, but opened at $26.35. ActivePassive International Equity ETF shares last traded at $27.54, with a volume of 179,897 shares.

ActivePassive International Equity ETF Price Performance

The stock’s 50-day moving average is $30.27 and its 200-day moving average is $29.66. The stock has a market cap of $770.86 million, a price-to-earnings ratio of 16.41 and a beta of 0.90.

Institutional Trading of ActivePassive International Equity ETF

An institutional investor recently raised its position in ActivePassive International Equity ETF stock. Pinnacle Bancorp Inc. increased its stake in shares of ActivePassive International Equity ETF (NYSEARCA:APIE) by 189.3% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor 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 reporting period.

ActivePassive International Equity ETF Company Profile

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.