ActivePassive Core Bond ETF (NYSEARCA:APCB) Sets New 12-Month Low – Time to Sell?

ActivePassive Core Bond ETF (NYSEARCA:APCB) hit a new 52-week low on Monday. The stock traded as low as $27.98 and last traded at $27.9950, with a volume of 59656 shares changing hands. The stock had previously closed at $28.10.

ActivePassive Core Bond ETF Price Performance

The stock has a 50-day simple moving average of $28.75 and a 200-day simple moving average of $29.14.

ActivePassive Core Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, October 2nd. Stockholders of record on Thursday, October 1st were paid a $0.0255 dividend. The ex-dividend date was Thursday, October 1st. This is a negative change from ActivePassive Core Bond ETF’s previous monthly dividend of $0.0765. This represents a $0.31 annualized dividend and a dividend yield of 1.1%.

Institutional Trading of ActivePassive Core Bond ETF

An institutional investor recently bought a new stake in ActivePassive Core Bond ETF stock. Harbor Investment Advisory LLC purchased a new stake in shares of ActivePassive Core Bond ETF (NYSEARCA:APCB) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 3,171 shares of the company’s stock, valued at approximately $93,000.

About ActivePassive Core Bond ETF

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.