ActivePassive U.S. Equity ETF (NYSEARCA:APUE) Hits New 52-Week High – Still a Buy?

ActivePassive U.S. Equity ETF (NYSEARCA:APUE)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as $42.40 and last traded at $42.3860, with a volume of 105944 shares. The stock had previously closed at $42.06.

ActivePassive U.S. Equity ETF Trading Up 0.7%

The firm has a market capitalization of $2.20 billion, a P/E ratio of 23.42 and a beta of 1.02. The business’s 50 day simple moving average is $41.61 and its two-hundred day simple moving average is $40.13.

Hedge Funds Weigh In On ActivePassive U.S. Equity ETF

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

ActivePassive U.S. Equity ETF Company Profile

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.