ActivePassive U.S. Equity ETF (NYSEARCA:APUE) Hits New 52-Week High – Here’s Why

ActivePassive U.S. Equity ETF (NYSEARCA:APUE) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $48.13 and last traded at $48.12, with a volume of 7345 shares trading hands. The stock had previously closed at $47.74.

ActivePassive U.S. Equity ETF Stock Performance

The stock’s 50-day moving average is $46.15 and its 200 day moving average is $43.95. The stock has a market capitalization of $2.52 billion, a PE ratio of 23.42 and a beta of 1.00.

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

Hedge funds have recently modified their holdings of the business. NewEdge Advisors LLC increased its stake in ActivePassive U.S. Equity ETF by 1,622.9% in the fourth quarter. NewEdge Advisors LLC now owns 29,221 shares of the company’s stock valued at $1,218,000 after purchasing an additional 27,525 shares during the period. Harbor Investment Advisory LLC purchased a new stake in shares of ActivePassive U.S. Equity ETF in the second quarter valued at about $176,000. Finally, JPMorgan Chase & Co. acquired a new stake in shares of ActivePassive U.S. Equity ETF during the third quarter worth about $154,000.

About ActivePassive U.S. Equity ETF

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.