ActivePassive U.S. Equity ETF (NYSEARCA:APUE) Reaches New 12-Month High – What’s Next?

Shares of ActivePassive U.S. Equity ETF (NYSEARCA:APUE) hit a new 52-week high during trading on Friday . The stock traded as high as $41.40 and last traded at $41.38, with a volume of 2842 shares trading hands. The stock had previously closed at $41.07.

ActivePassive U.S. Equity ETF Stock Performance

The firm’s fifty day moving average is $40.23 and its two-hundred day moving average is $37.59. The company has a market cap of $2.13 billion, a P/E ratio of 23.42 and a beta of 1.03.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Financial Gravity Asset Management Inc. purchased a new position in ActivePassive U.S. Equity ETF during the 1st quarter worth $42,000. NewEdge Advisors LLC acquired a new stake in ActivePassive U.S. Equity ETF in the first quarter worth about $58,000. First Horizon Advisors Inc. grew its stake in shares of ActivePassive U.S. Equity ETF by 2.5% during the first quarter. First Horizon Advisors Inc. now owns 15,889 shares of the company’s stock worth $540,000 after acquiring an additional 381 shares during the last quarter. Finally, Wedbush Securities Inc. grew its stake in shares of ActivePassive U.S. Equity ETF by 86.2% during the first quarter. Wedbush Securities Inc. now owns 58,610 shares of the company’s stock worth $1,992,000 after acquiring an additional 27,136 shares during the last quarter.

ActivePassive U.S. Equity ETF Company Profile

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.