ActivePassive U.S. Equity ETF (NYSEARCA:APUE) Sets New 1-Year High – What’s Next?

ActivePassive U.S. Equity ETF (NYSEARCA:APUE)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as $42.01 and last traded at $41.9340, with a volume of 79005 shares. The stock had previously closed at $41.77.

ActivePassive U.S. Equity ETF Trading Up 0.4%

The company has a market capitalization of $2.16 billion, a price-to-earnings ratio of 23.42 and a beta of 1.02. The stock’s 50 day moving average price is $41.06 and its 200 day moving average price is $39.12.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. NewEdge Advisors LLC acquired a new position in shares of ActivePassive U.S. Equity ETF during the 1st quarter worth approximately $58,000. JPMorgan Chase & Co. bought a new position in shares of ActivePassive U.S. Equity ETF in the third quarter valued at $154,000. Finally, Wedbush Securities Inc. increased its holdings in ActivePassive U.S. Equity ETF by 40.9% during the second quarter. Wedbush Securities Inc. now owns 82,562 shares of the company’s stock worth $3,105,000 after buying an additional 23,952 shares during the last quarter.

About ActivePassive U.S. Equity ETF

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.