ActivePassive International Equity ETF (NYSEARCA:APIE) Sees Large Volume Increase – Here’s What Happened

by · The Markets Daily

Shares of ActivePassive International Equity ETF (NYSEARCA:APIE – Get Free Report) saw unusually-strong trading volume on Friday . Approximately 43,142 shares changed hands during mid-day trading, a decline of 23% from the previous session’s volume of 56,160 shares.The stock last traded at $37.7160 and had previously closed at $37.81.

ActivePassive International Equity ETF Stock Performance

The stock has a 50 day moving average of $36.40 and a 200 day moving average of $35.39. The stock has a market capitalization of $989.16 million, a P/E ratio of 16.03 and a beta of 0.68.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in ActivePassive International Equity ETF stock. Wedbush Securities Inc. lifted its stake in shares of ActivePassive International Equity ETF (NYSEARCA:APIE – Free Report) by 33.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 45,843 shares of the company’s stock after purchasing an additional 11,559 shares during the quarter. Wedbush Securities Inc. owned about 0.18% of ActivePassive International Equity ETF worth $1,527,000 at the end of the most recent reporting period.

About ActivePassive International Equity ETF

(Get Free Report)

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.

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