ActivePassive International Equity ETF (NYSEARCA:APIE) Sees Large Volume Increase – Here’s Why

ActivePassive International Equity ETF (NYSEARCA:APIE) shares saw unusually-strong trading volume on Thursday . Approximately 74,695 shares traded hands during mid-day trading, an increase of 13% from the previous session’s volume of 66,261 shares.The stock last traded at $29.79 and had previously closed at $29.48.

ActivePassive International Equity ETF Price Performance

The company has a market capitalization of $720.43 million, a price-to-earnings ratio of 12.91 and a beta of 0.90. The stock has a 50 day simple moving average of $28.93 and a two-hundred day simple moving average of $29.24.

Hedge Funds Weigh In On ActivePassive International Equity ETF

An institutional investor recently raised its stake in ActivePassive International Equity ETF stock. Pinnacle Bancorp Inc. boosted its position in ActivePassive International Equity ETF (NYSEARCA:APIE) by 189.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,586 shares of the company’s stock after buying an additional 1,692 shares during the period. Pinnacle Bancorp Inc.’s holdings in ActivePassive International Equity ETF were worth $72,000 as of its most recent SEC filing.

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.