ActivePassive Core Bond ETF (NYSEARCA:APCB) Sees Unusually-High Trading Volume – Should You Buy?

Shares of ActivePassive Core Bond ETF (NYSEARCA:APCB) saw unusually-strong trading volume on Friday . Approximately 33,958 shares were traded during trading, a decline of 34% from the previous session’s volume of 51,677 shares.The stock last traded at $29.21 and had previously closed at $29.14.

ActivePassive Core Bond ETF Trading Up 0.1 %

The stock has a fifty day moving average of $29.24 and a two-hundred day moving average of $29.68.

Institutional Investors Weigh In On ActivePassive Core Bond ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. First Horizon Advisors Inc. boosted its holdings in ActivePassive Core Bond ETF by 7.8% in the third quarter. First Horizon Advisors Inc. now owns 6,863 shares of the company’s stock valued at $208,000 after acquiring an additional 498 shares during the last quarter. Pinnacle Bancorp Inc. grew its position in shares of ActivePassive Core Bond ETF by 182.4% during the 4th quarter. Pinnacle Bancorp Inc. now owns 2,395 shares of the company’s stock worth $69,000 after buying an additional 1,547 shares during the period. Finally, Fortitude Family Office LLC acquired a new position in ActivePassive Core Bond ETF in the third quarter valued at approximately $58,000.

ActivePassive Core Bond ETF Company Profile

The ActivePassive Core Bond ETF (APCB) is an exchange-traded fund that is based on the Bloomberg U.S. Aggregate Bond index. The fund is an actively managed fund that blends active and passive investment strategies. The fund seeks to provide current income with low volatility of principal APCB was launched on May 3, 2023 and is managed by Envestnet.