ActivePassive U.S. Equity ETF (NYSEARCA:APUE) Sees Strong Trading Volume – Here’s Why

Shares of ActivePassive U.S. Equity ETF (NYSEARCA:APUE) saw an uptick in trading volume on Tuesday . 169,300 shares traded hands during trading, an increase of 25% from the previous session’s volume of 135,541 shares.The stock last traded at $32.96 and had previously closed at $32.46.

ActivePassive U.S. Equity ETF Stock Performance

The company has a fifty day moving average of $34.49 and a two-hundred day moving average of $35.66. The company has a market cap of $1.53 billion, a price-to-earnings ratio of 22.94 and a beta of 1.01.

Institutional Trading of ActivePassive U.S. Equity ETF

A number of institutional investors and hedge funds have recently bought and sold shares of APUE. OLD Mission Capital LLC bought a new stake in shares of ActivePassive U.S. Equity ETF in the 4th quarter valued at about $391,000. Silicon Valley Capital Partners bought a new stake in ActivePassive U.S. Equity ETF in the fourth quarter valued at approximately $31,000. Finally, Pinnacle Bancorp Inc. increased its position in ActivePassive U.S. Equity ETF by 152.4% during the 4th quarter. Pinnacle Bancorp Inc. now owns 4,157 shares of the company’s stock valued at $149,000 after purchasing an additional 2,510 shares during the period.

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.