ActivePassive International Equity ETF (NYSEARCA:APIE) Reaches New 12-Month High – Still a Buy?

ActivePassive International Equity ETF (NYSEARCA:APIE) reached a new 52-week high on Monday . The stock traded as high as $37.57 and last traded at $37.5350, with a volume of 1680 shares. The stock had previously closed at $37.29.

ActivePassive International Equity ETF Price Performance

The company has a market cap of $991.01 million, a PE ratio of 16.03 and a beta of 0.68. The stock has a fifty day moving average price of $36.19 and a 200-day moving average price of $35.29.

Institutional Inflows and Outflows

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

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.