ActivePassive International Equity ETF (NYSEARCA:APIE) Sees Large Volume Increase – Still a Buy?

ActivePassive International Equity ETF (NYSEARCA:APIE) shares saw unusually-strong trading volume on Monday . Approximately 63,273 shares traded hands during mid-day trading, a decline of 22% from the previous session’s volume of 80,894 shares.The stock last traded at $35.1260 and had previously closed at $34.58.

ActivePassive International Equity ETF Trading Up 0.4%

The company’s 50-day moving average is $35.78 and its 200 day moving average is $34.04. The firm has a market cap of $922.49 million, a PE ratio of 16.03 and a beta of 0.68.

Institutional Trading of ActivePassive International Equity ETF

An institutional investor recently raised its position in ActivePassive International Equity ETF stock. Wedbush Securities Inc. raised its position in shares of ActivePassive International Equity ETF (NYSEARCA:APIE) by 33.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,843 shares of the company’s stock after acquiring an additional 11,559 shares during the period. Wedbush Securities Inc. owned approximately 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.