ActivePassive International Equity ETF (NYSEARCA:APIE) Share Price Breaks Above 200-Day Moving Average – Here’s Why

ActivePassive International Equity ETF (NYSEARCA:APIE)’s stock price passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $38.05 and traded as high as $38.55. ActivePassive International Equity ETF shares last traded at $38.40, with a volume of 40,751 shares.

ActivePassive International Equity ETF Trading Up 2.0%

The stock has a 50-day simple moving average of $38.72 and a two-hundred day simple moving average of $38.05. The firm has a market capitalization of $1.14 billion, a P/E ratio of 16.03 and a beta of 0.70.

Hedge Funds Weigh In On ActivePassive International Equity ETF

An institutional investor recently bought a new stake in ActivePassive International Equity ETF stock. Harbor Investment Advisory LLC bought a new position in shares of ActivePassive International Equity ETF (NYSEARCA:APIE) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 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.