ActivePassive Core Bond ETF (NYSEARCA:APCB) Reaches New 1-Year Low – Here’s Why

ActivePassive Core Bond ETF (NYSEARCA:APCB – Get Free Report)’s share price hit a new 52-week low on Wednesday. The company traded as low as $28.42 and last traded at $28.4060, with a volume of 61427 shares. The stock had previously closed at $28.57.

ActivePassive Core Bond ETF Price Performance

The stock has a 50-day moving average price of $28.85 and a 200 day moving average price of $29.20.

ActivePassive Core Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, August 4th. Stockholders of record on Monday, August 3rd were paid a dividend of $0.1013 per share. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $1.22 dividend on an annualized basis and a dividend yield of 4.3%. This is a decrease from ActivePassive Core Bond ETF’s previous monthly dividend of $0.1066.

Hedge Funds Weigh In On ActivePassive Core Bond ETF

An institutional investor recently bought a new stake in ActivePassive Core Bond ETF stock. Harbor Investment Advisory LLC bought a new stake in ActivePassive Core Bond ETF (NYSEARCA:APCB – Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 3,171 shares of the company’s stock, valued at approximately $93,000.

About ActivePassive Core Bond ETF

(Get Free Report)

The ActivePassive Core Bond ETF (APCB) is an exchange-traded fund that is based on the Bloomberg U.S. Aggregate Bond index. The fund is an actively managed fund that blends active and passive investment strategies. The fund seeks to provide current income with low volatility of principal APCB was launched on May 3, 2023 and is managed by Envestnet.

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