ActivePassive Core Bond ETF (NYSEARCA:APCB) Stock Price Down 0.4% – Here’s What Happened

Shares of ActivePassive Core Bond ETF (NYSEARCA:APCB) were down 0.4% on Monday . The stock traded as low as $29.78 and last traded at $29.83. Approximately 33,407 shares changed hands during mid-day trading, a decline of 55% from the average daily volume of 74,422 shares. The stock had previously closed at $29.95.

ActivePassive Core Bond ETF Stock Down 0.4%

The firm’s 50 day moving average price is $29.89 and its two-hundred day moving average price is $29.54.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in ActivePassive Core Bond ETF stock. Financial Gravity Asset Management Inc. bought a new stake in ActivePassive Core Bond ETF (NYSEARCA:APCB) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,013 shares of the company’s stock, valued at approximately $30,000.

About ActivePassive Core Bond ETF

The ActivePassive Core Bond ETF (APCB) is an exchange-traded fund that is based on the Bloomberg U.S. Aggregate Bond index. The fund is an actively managed fund that blends active and passive investment strategies. The fund seeks to provide current income with low volatility of principal APCB was launched on May 3, 2023 and is managed by Envestnet.