ActivePassive International Equity ETF (NYSEARCA:APIE) Sees Strong Trading Volume – Here’s What Happened

ActivePassive International Equity ETF (NYSEARCA:APIE) saw unusually-high trading volume on Friday . Approximately 50,384 shares were traded during mid-day trading, a decline of 8% from the previous session’s volume of 54,577 shares.The stock last traded at $37.13 and had previously closed at $36.84.

ActivePassive International Equity ETF Trading Up 0.4%

The company has a market cap of $985.20 million, a PE ratio of 16.03 and a beta of 0.68. The company has a fifty day simple moving average of $36.19 and a two-hundred day simple moving average of $35.28.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in ActivePassive International Equity ETF stock. Wedbush Securities Inc. lifted its holdings in ActivePassive International Equity ETF (NYSEARCA:APIE) by 33.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,843 shares of the company’s stock after acquiring an additional 11,559 shares during the period. Wedbush Securities Inc. owned approximately 0.18% of ActivePassive International Equity ETF worth $1,527,000 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. APIE was launched on May 3, 2023 and is managed by Envestnet.