ActivePassive U.S. Equity ETF (NYSEARCA:APUE) Reaches New 1-Year High – Still a Buy?

ActivePassive U.S. Equity ETF (NYSEARCA:APUEGet Free Report)’s share price reached a new 52-week high on Thursday . The company traded as high as $48.13 and last traded at $48.12, with a volume of 7345 shares traded. The stock had previously closed at $47.74.

ActivePassive U.S. Equity ETF Price Performance

The company has a 50 day moving average price of $46.15 and a 200 day moving average price of $43.95. The firm has a market cap of $2.52 billion, a PE ratio of 23.42 and a beta of 1.00.

Hedge Funds Weigh In On ActivePassive U.S. Equity ETF

Several institutional investors have recently bought and sold shares of the company. NewEdge Advisors LLC acquired a new stake in shares of ActivePassive U.S. Equity ETF in the 1st quarter worth $58,000. JPMorgan Chase & Co. purchased a new stake in shares of ActivePassive U.S. Equity ETF in the third quarter valued at about $154,000. Finally, Harbor Investment Advisory LLC purchased a new stake in shares of ActivePassive U.S. Equity ETF in the second quarter valued at about $176,000.

About ActivePassive U.S. Equity ETF

(Get Free Report)

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.

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