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

ActivePassive International Equity ETF (NYSEARCA:APIE) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $39.58 and last traded at $39.45, with a volume of 7987 shares trading hands. The stock had previously closed at $39.37.

ActivePassive International Equity ETF Stock Performance

The firm has a market cap of $1.16 billion, a P/E ratio of 16.03 and a beta of 0.69. The stock’s 50 day simple moving average is $38.51 and its 200 day simple moving average is $37.65.

Institutional Investors Weigh In On ActivePassive International Equity ETF

A hedge fund recently bought a new position in ActivePassive International Equity ETF stock. Harbor Investment Advisory LLC purchased a new stake in shares of ActivePassive International Equity ETF (NYSEARCA:APIE) in the second quarter, according to the company in its most recent filing with the SEC. The fund purchased 1,624 shares of the company’s stock, valued at approximately $63,000.

About ActivePassive International Equity ETF

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.