ActivePassive U.S. Equity ETF (NYSEARCA:APUE) Hits New 1-Year High – Here’s Why

Shares of ActivePassive U.S. Equity ETF (NYSEARCA:APUE) hit a new 52-week high during trading on Friday . The company traded as high as $45.82 and last traded at $45.81, with a volume of 79808 shares traded. The stock had previously closed at $45.45.

ActivePassive U.S. Equity ETF Price Performance

The company has a market capitalization of $2.50 billion, a price-to-earnings ratio of 23.42 and a beta of 1.00. The business has a fifty day moving average price of $42.55 and a 200 day moving average price of $42.13.

Institutional Trading of ActivePassive U.S. Equity ETF

A hedge fund recently raised its stake in ActivePassive U.S. Equity ETF stock. NewEdge Advisors LLC lifted its stake in ActivePassive U.S. Equity ETF (NYSEARCA:APUE) by 1,622.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,221 shares of the company’s stock after acquiring an additional 27,525 shares during the period. NewEdge Advisors LLC owned approximately 0.06% of ActivePassive U.S. Equity ETF worth $1,218,000 at the end of the most recent reporting period.

About ActivePassive U.S. Equity ETF

The ActivePassive U.S. Equity ETF (APUE) is an exchange-traded fund that is based on the CRSP US Large Cap index. The fund blends an active and passive management approach to build its portfolio. The fund aims to optimize costs, tracking and potentially produce higher returns by shifting exposure between active and passive investments in the broad US equity market APUE was launched on May 3, 2023 and is managed by Envestnet.