ActivePassive International Equity ETF (NYSEARCA:APIE) Sees Unusually-High Trading Volume – Time to Buy?

ActivePassive International Equity ETF (NYSEARCA:APIE) shares saw unusually-strong trading volume on Friday . Approximately 48,975 shares were traded during trading, a decline of 23% from the previous session’s volume of 63,677 shares.The stock last traded at $30.20 and had previously closed at $29.87.

ActivePassive International Equity ETF Price Performance

The firm has a market cap of $862.97 million, a price-to-earnings ratio of 15.19 and a beta of 0.90. The firm’s 50 day moving average price is $29.89 and its two-hundred day moving average price is $29.49.

Institutional Trading of ActivePassive International Equity ETF

A hedge fund recently raised its stake in ActivePassive International Equity ETF stock. Pinnacle Bancorp Inc. lifted its position in shares of ActivePassive International Equity ETF (NYSEARCA:APIE) by 189.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,586 shares of the company’s stock after acquiring an additional 1,692 shares during the quarter. Pinnacle Bancorp Inc.’s holdings in ActivePassive International Equity ETF were worth $72,000 at the end of the most recent quarter.

About ActivePassive International Equity ETF

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.