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

Shares of ActivePassive International Equity ETF (NYSEARCA:APIE) saw unusually-high trading volume on Tuesday . Approximately 134,926 shares traded hands during mid-day trading, an increase of 76% from the previous session’s volume of 76,796 shares.The stock last traded at $29.12 and had previously closed at $28.48.

ActivePassive International Equity ETF Price Performance

The company has a market capitalization of $826.16 million, a price-to-earnings ratio of 16.41 and a beta of 0.90. The business has a fifty day moving average price of $30.03 and a 200 day moving average price of $29.54.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in ActivePassive International Equity ETF stock. Pinnacle Bancorp Inc. grew its holdings in shares of ActivePassive International Equity ETF (NYSEARCA:APIE) by 189.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,586 shares of the company’s stock after buying an additional 1,692 shares during the quarter. Pinnacle Bancorp Inc.’s holdings in ActivePassive International Equity ETF were worth $72,000 at the end of the most recent reporting period.

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.