ActivePassive U.S. Equity ETF (NYSEARCA:APUE) Sees Strong Trading Volume – What’s Next?

Shares of ActivePassive U.S. Equity ETF (NYSEARCA:APUE) saw an uptick in trading volume on Wednesday . 884,843 shares were traded during mid-day trading, an increase of 492% from the previous session’s volume of 149,542 shares.The stock last traded at $37.13 and had previously closed at $36.86.

ActivePassive U.S. Equity ETF Stock Down 0.2 %

The firm has a market cap of $1.64 billion, a P/E ratio of 22.59 and a beta of 1.01. The business has a fifty day simple moving average of $36.55 and a 200-day simple moving average of $35.27.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in ActivePassive U.S. Equity ETF stock. Fortitude Family Office LLC bought a new position in ActivePassive U.S. Equity ETF (NYSEARCA:APUE) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,789 shares of the company’s stock, valued at approximately $134,000.

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.