ActivePassive U.S. Equity ETF (NYSEARCA:APUE – Get Free Report) saw an uptick in trading volume on Friday . Approximately 297,184 shares traded hands during mid-day trading, an increase of 138% from the previous session’s volume of 125,062 shares.The stock last traded at $47.64 and had previously closed at $47.61.
ActivePassive U.S. Equity ETF Price Performance
The business’s 50-day simple moving average is $46.56 and its two-hundred day simple moving average is $44.35. The stock has a market capitalization of $2.50 billion, a price-to-earnings ratio of 23.42 and a beta of 1.00.
Hedge Funds Weigh In On ActivePassive U.S. Equity ETF
Hedge funds and other institutional investors have recently made changes to their positions in the business. NewEdge Advisors LLC increased its holdings in ActivePassive U.S. Equity ETF by 1,622.9% in the 4th quarter. NewEdge Advisors LLC now owns 29,221 shares of the company’s stock valued at $1,218,000 after purchasing an additional 27,525 shares in the last quarter. Harbor Investment Advisory LLC acquired a new position in shares of ActivePassive U.S. Equity ETF during the second quarter worth about $176,000. Finally, JPMorgan Chase & Co. purchased a new stake in shares of ActivePassive U.S. Equity ETF in the third quarter worth about $154,000.
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.
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