ActivePassive International Equity ETF (NYSEARCA:APIE) Stock Breaks Above 200-Day Moving Average – Here’s What Happened

ActivePassive International Equity ETF (NYSEARCA:APIE) shares crossed above its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $38.02 and traded as high as $38.30. ActivePassive International Equity ETF shares last traded at $38.11, with a volume of 47,077 shares.

ActivePassive International Equity ETF Trading Up 0.4%

The company has a market capitalization of $1.13 billion, a PE ratio of 16.03 and a beta of 0.70. The business has a fifty day moving average of $38.86 and a 200 day moving average of $38.04.

Institutional Trading of ActivePassive International Equity ETF

A hedge fund recently bought a new stake in ActivePassive International Equity ETF stock. Harbor Investment Advisory LLC acquired a new stake in ActivePassive International Equity ETF (NYSEARCA:APIE) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,624 shares of the company’s stock, valued at approximately $63,000.

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.