ActivePassive U.S. Equity ETF (NYSEARCA:APUE) Hits New 1-Year Low – Here’s Why

Shares of ActivePassive U.S. Equity ETF (NYSEARCA:APUEGet Free Report) reached a new 52-week low during trading on Wednesday . The company traded as low as $13.39 and last traded at $41.3450, with a volume of 1678 shares. The stock had previously closed at $41.19.

ActivePassive U.S. Equity ETF Stock Performance

The firm has a market capitalization of $2.14 billion, a price-to-earnings ratio of 23.42 and a beta of 1.02. The business has a fifty day moving average price of $40.57 and a 200 day moving average price of $38.12.

Hedge Funds Weigh In On ActivePassive U.S. Equity ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Financial Gravity Asset Management Inc. acquired a new stake in ActivePassive U.S. Equity ETF during the first quarter worth about $42,000. NewEdge Advisors LLC acquired a new stake in ActivePassive U.S. Equity ETF during the first quarter worth about $58,000. Finally, Wedbush Securities Inc. raised its stake in ActivePassive U.S. Equity ETF by 86.2% during the first quarter. Wedbush Securities Inc. now owns 58,610 shares of the company’s stock worth $1,992,000 after acquiring an additional 27,136 shares during the period.

ActivePassive U.S. Equity ETF Company Profile

(Get Free Report)

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.

Further Reading

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