ActivePassive U.S. Equity ETF (NYSEARCA:APUE) Hits New 12-Month High – Here’s Why

ActivePassive U.S. Equity ETF (NYSEARCA:APUE) hit a new 52-week high during trading on Friday . The company traded as high as $46.64 and last traded at $46.64, with a volume of 79065 shares trading hands. The stock had previously closed at $46.43.

ActivePassive U.S. Equity ETF Stock Performance

The company has a market cap of $2.57 billion, a PE ratio of 23.42 and a beta of 1.00. The stock’s 50 day moving average price is $45.62 and its 200-day moving average price is $43.22.

Institutional Investors Weigh In On ActivePassive U.S. Equity ETF

Several institutional investors have recently bought and sold shares of the stock. NewEdge Advisors LLC increased its stake in ActivePassive U.S. Equity ETF by 1,622.9% in the 4th quarter. NewEdge Advisors LLC now owns 29,221 shares of the company’s stock worth $1,218,000 after purchasing an additional 27,525 shares during the period. JPMorgan Chase & Co. bought a new stake in ActivePassive U.S. Equity ETF during the 3rd quarter valued at $154,000. Finally, Harbor Investment Advisory LLC purchased a new stake in ActivePassive U.S. Equity ETF during the 2nd quarter valued at $176,000.

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.