ActivePassive U.S. Equity ETF (NYSEARCA:APUE) Sets New 12-Month High – Time to Buy?

ActivePassive U.S. Equity ETF (NYSEARCA:APUE) shares reached a new 52-week high on Friday . The stock traded as high as $43.92 and last traded at $43.87, with a volume of 42474 shares changing hands. The stock had previously closed at $43.60.

ActivePassive U.S. Equity ETF Stock Up 0.7%

The firm’s fifty day moving average price is $41.52 and its two-hundred day moving average price is $41.64. The stock has a market capitalization of $2.39 billion, a PE ratio of 23.42 and a beta of 1.01.

Institutional Inflows and Outflows

An institutional investor recently raised its position in ActivePassive U.S. Equity ETF stock. NewEdge Advisors LLC increased its stake in shares of ActivePassive U.S. Equity ETF (NYSEARCA:APUE) by 1,622.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 29,221 shares of the company’s stock after purchasing an additional 27,525 shares during the period. NewEdge Advisors LLC owned approximately 0.06% of ActivePassive U.S. Equity ETF worth $1,218,000 as of its most recent filing with the Securities & Exchange Commission.

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.