ActivePassive International Equity ETF (NYSEARCA:APIE) Hits New 1-Year High – Still a Buy?

ActivePassive International Equity ETF (NYSEARCA:APIE) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $38.28 and last traded at $37.5790, with a volume of 5995 shares changing hands. The stock had previously closed at $37.31.

ActivePassive International Equity ETF Stock Up 0.0%

The firm has a 50-day moving average price of $36.57 and a 200 day moving average price of $35.53. The firm has a market capitalization of $990.22 million, a PE ratio of 16.03 and a beta of 0.68.

Hedge Funds Weigh In On ActivePassive International Equity ETF

A hedge fund recently raised its stake in ActivePassive International Equity ETF stock. Wedbush Securities Inc. lifted its stake in shares of ActivePassive International Equity ETF (NYSEARCA:APIE) by 33.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 45,843 shares of the company’s stock after acquiring an additional 11,559 shares during the quarter. Wedbush Securities Inc. owned 0.18% of ActivePassive International Equity ETF worth $1,527,000 as of its most recent filing with the Securities and Exchange Commission.

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.