ActivePassive U.S. Equity ETF (NYSEARCA:APUE) Shares Up 1.2% – Here’s What Happened
by Renee Jackson · The Cerbat GemActivePassive U.S. Equity ETF (NYSEARCA:APUE – Get Free Report) was up 1.2% during mid-day trading on Tuesday . The stock traded as high as $42.74 and last traded at $42.71. Approximately 88,284 shares were traded during trading, a decline of 30% from the average daily volume of 125,327 shares. The stock had previously closed at $42.22.
ActivePassive U.S. Equity ETF Stock Up 1.2%
The firm has a market capitalization of $2.37 billion, a P/E ratio of 23.42 and a beta of 1.01. The company’s 50 day moving average is $41.36 and its 200-day moving average is $41.53.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in ActivePassive U.S. Equity ETF stock. NewEdge Advisors LLC increased its stake in shares of ActivePassive U.S. Equity ETF (NYSEARCA:APUE – Free Report) by 1,622.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,221 shares of the company’s stock after acquiring an additional 27,525 shares during the quarter. NewEdge Advisors LLC owned approximately 0.06% of ActivePassive U.S. Equity ETF worth $1,218,000 at the end of the most recent 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.