ActivePassive U.S. Equity ETF (NYSEARCA:APUE) Hits New 12-Month High – Still a Buy?
by Doug Wharley · The Cerbat GemActivePassive U.S. Equity ETF (NYSEARCA:APUE – Get Free Report)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $42.87 and last traded at $42.87, with a volume of 24906 shares trading hands. The stock had previously closed at $42.22.
ActivePassive U.S. Equity ETF Trading Up 0.4%
The company has a fifty day simple moving average of $41.36 and a 200-day simple moving average of $41.53. The company has a market capitalization of $2.38 billion, a PE ratio of 23.42 and a beta of 1.01.
Hedge Funds Weigh In On ActivePassive U.S. Equity ETF
A hedge fund recently bought a new stake in ActivePassive U.S. Equity ETF stock. NewEdge Advisors LLC purchased a new position in shares of ActivePassive U.S. Equity ETF (NYSEARCA:APUE – Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,696 shares of the company’s stock, valued at approximately $58,000.
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.