ActivePassive International Equity ETF (NYSEARCA:APIE) Shares Gap Up – Should You Buy?

Shares of ActivePassive International Equity ETF (NYSEARCA:APIE) gapped up prior to trading on Thursday . The stock had previously closed at $28.02, but opened at $29.09. ActivePassive International Equity ETF shares last traded at $28.20, with a volume of 1,534 shares trading hands.

ActivePassive International Equity ETF Trading Up 0.7 %

The stock has a 50 day simple moving average of $29.14 and a 200 day simple moving average of $29.26. The stock has a market cap of $682.92 million, a P/E ratio of 12.91 and a beta of 0.90.

Hedge Funds Weigh In On ActivePassive International Equity ETF

A hedge fund recently bought a new stake in ActivePassive International Equity ETF stock. Fortitude Family Office LLC purchased a new position in shares of ActivePassive International Equity ETF (NYSEARCA:APIE) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,097 shares of the company’s stock, valued at approximately $64,000.

ActivePassive International Equity ETF Company Profile

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.