ActivePassive International Equity ETF (NYSEARCA:APIE) Sees Large Volume Increase – Still a Buy?

ActivePassive International Equity ETF (NYSEARCA:APIE) saw unusually-high trading volume on Tuesday . Approximately 63,053 shares changed hands during trading, a decline of 3% from the previous session’s volume of 64,933 shares.The stock last traded at $32.12 and had previously closed at $31.77.

ActivePassive International Equity ETF Stock Performance

The stock has a 50-day simple moving average of $30.06 and a two-hundred day simple moving average of $29.61. The firm has a market cap of $922.56 million, a PE ratio of 16.31 and a beta of 0.70.

Institutional Investors Weigh In On ActivePassive International Equity ETF

An institutional investor recently raised its position in ActivePassive International Equity ETF stock. Wedbush Securities Inc. increased its position in ActivePassive International Equity ETF (NYSEARCA:APIE) by 83.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,284 shares of the company’s stock after purchasing an additional 15,646 shares during the quarter. Wedbush Securities Inc. owned approximately 0.12% of ActivePassive International Equity ETF worth $1,031,000 as of its most recent SEC filing.

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.