ActivePassive International Equity ETF (NYSEARCA:APIE) Reaches New 1-Year High – Here’s Why

ActivePassive International Equity ETF (NYSEARCA:APIE)’s stock price reached a new 52-week high on Monday . The company traded as high as $38.37 and last traded at $38.35, with a volume of 9084 shares. The stock had previously closed at $38.07.

ActivePassive International Equity ETF Stock Up 0.8%

The company’s 50-day moving average price is $36.63 and its 200-day moving average price is $35.60. The firm has a market cap of $1.02 billion, a price-to-earnings ratio of 16.03 and a beta of 0.68.

Institutional Trading of ActivePassive International Equity ETF

A hedge fund recently raised its stake in ActivePassive International Equity ETF stock. Wedbush Securities Inc. increased its holdings in shares of ActivePassive International Equity ETF (NYSEARCA:APIE) by 33.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 45,843 shares of the company’s stock after acquiring 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.

ActivePassive International Equity ETF Company Profile

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.