ActivePassive U.S. Equity ETF (NYSEARCA:APUE) Hits New 1-Year High – Should You Buy?

ActivePassive U.S. Equity ETF (NYSEARCA:APUE) hit a new 52-week high during trading on Tuesday . The stock traded as high as $42.69 and last traded at $42.70, with a volume of 19317 shares. The stock had previously closed at $42.45.

ActivePassive U.S. Equity ETF Stock Performance

The firm has a market cap of $2.26 billion, a PE ratio of 23.42 and a beta of 1.02. The company’s 50-day simple moving average is $42.03 and its two-hundred day simple moving average is $40.70.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. bought a new stake in shares of ActivePassive U.S. Equity ETF in the 3rd quarter worth approximately $154,000. Wedbush Securities Inc. raised its holdings in shares of ActivePassive U.S. Equity ETF by 40.9% during the second quarter. Wedbush Securities Inc. now owns 82,562 shares of the company’s stock valued at $3,105,000 after acquiring an additional 23,952 shares in the last quarter. Finally, NewEdge Advisors LLC bought a new position in shares of ActivePassive U.S. Equity ETF during the first quarter valued at approximately $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.