ActivePassive International Equity ETF (NYSEARCA:APIE) Sees Large Volume Increase – Time to Buy?

ActivePassive International Equity ETF (NYSEARCA:APIE) shares saw unusually-strong trading volume on Friday . Approximately 43,142 shares were traded during trading, a decline of 23% from the previous session’s volume of 56,160 shares.The stock last traded at $37.7160 and had previously closed at $37.81.

ActivePassive International Equity ETF Stock Down 1.5%

The firm has a market capitalization of $985.73 million, a P/E ratio of 16.03 and a beta of 0.68. The company’s 50 day moving average is $36.45 and its 200-day moving average is $35.44.

Institutional Trading of ActivePassive International Equity ETF

A hedge fund recently raised its stake in ActivePassive International Equity ETF stock. Wedbush Securities Inc. increased its stake in ActivePassive International Equity ETF (NYSEARCA:APIE) by 33.7% in the 2nd quarter, according to its most recent disclosure with the SEC. 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 about 0.18% of ActivePassive International Equity ETF worth $1,527,000 as of its most recent SEC filing.

About ActivePassive International Equity ETF

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.