ActivePassive U.S. Equity ETF (NYSEARCA:APUE) Stock Price Up 1.2% – Still a Buy?

Shares of ActivePassive U.S. Equity ETF (NYSEARCA:APUE) traded up 1.2% during trading on Monday . The stock traded as high as $40.72 and last traded at $40.27. 135,521 shares changed hands during mid-day trading, an increase of 10% from the average session volume of 122,906 shares. The stock had previously closed at $39.81.

ActivePassive U.S. Equity ETF Price Performance

The stock has a market cap of $2.13 billion, a PE ratio of 23.42 and a beta of 1.02. The stock has a 50-day moving average price of $41.90 and a two-hundred day moving average price of $41.48.

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

An institutional investor recently raised its position in ActivePassive U.S. Equity ETF stock. NewEdge Advisors LLC raised its position in shares of ActivePassive U.S. Equity ETF (NYSEARCA:APUE) by 1,622.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,221 shares of the company’s stock after acquiring an additional 27,525 shares during the period. NewEdge Advisors LLC owned approximately 0.06% of ActivePassive U.S. Equity ETF worth $1,218,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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.