ActivePassive International Equity ETF (NYSEARCA:APIE) Sees Large Volume Increase – Here’s Why

ActivePassive International Equity ETF (NYSEARCA:APIE) shares saw strong trading volume on Wednesday . 115,845 shares traded hands during trading, an increase of 48% from the previous session’s volume of 78,207 shares.The stock last traded at $35.7050 and had previously closed at $35.50.

ActivePassive International Equity ETF Price Performance

The firm has a market capitalization of $936.76 million, a price-to-earnings ratio of 16.03 and a beta of 0.68. The business has a fifty day moving average price of $36.02 and a two-hundred day moving average price of $34.69.

Institutional Trading of ActivePassive International Equity ETF

An institutional investor recently raised its position in ActivePassive International Equity ETF stock. Wedbush Securities Inc. grew its position in ActivePassive International Equity ETF (NYSEARCA:APIE) by 33.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 45,843 shares of the company’s stock after acquiring an additional 11,559 shares during the quarter. Wedbush Securities Inc. owned about 0.18% of ActivePassive International Equity ETF worth $1,527,000 as of its most recent SEC filing.

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.