ActivePassive International Equity ETF (NYSEARCA:APIE) Trading Up 3.3% – What’s Next?

Shares of ActivePassive International Equity ETF (NYSEARCA:APIE) shot up 3.3% during trading on Tuesday . The company traded as high as $35.27 and last traded at $35.25. 73,410 shares changed hands during mid-day trading, an increase of 29% from the average session volume of 56,905 shares. The stock had previously closed at $34.13.

ActivePassive International Equity ETF Price Performance

The company has a market capitalization of $934.13 million, a P/E ratio of 16.03 and a beta of 0.68. The company has a fifty day moving average price of $36.99 and a 200 day moving average price of $36.35.

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.