ActivePassive International Equity ETF (NYSEARCA:APIE) Hits New 12-Month High – Time to Buy?

ActivePassive International Equity ETF (NYSEARCA:APIE)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $35.78 and last traded at $35.71, with a volume of 9083 shares. The stock had previously closed at $35.45.

ActivePassive International Equity ETF Price Performance

The business has a 50 day moving average of $34.04 and a 200 day moving average of $32.17. The firm has a market capitalization of $920.97 million, a price-to-earnings ratio of 16.03 and a beta of 0.70.

Institutional Trading of ActivePassive International Equity ETF

An institutional investor recently bought a new position in ActivePassive International Equity ETF stock. Financial Gravity Asset Management Inc. acquired a new position in shares of ActivePassive International Equity ETF (NYSEARCA:APIE) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,186 shares of the company’s stock, valued at approximately $36,000.

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.