Wedbush Securities Inc. Boosts Stake in ActivePassive U.S. Equity ETF $APUE

Wedbush Securities Inc. raised its stake in shares of ActivePassive U.S. Equity ETF (NYSEARCA:APUE) by 40.9% during the 2nd quarter, Holdings Channel reports. The fund owned 82,562 shares of the company’s stock after purchasing an additional 23,952 shares during the period. Wedbush Securities Inc.’s holdings in ActivePassive U.S. Equity ETF were worth $3,105,000 as of its most recent SEC filing.

Separately, Financial Gravity Asset Management Inc. bought a new position in shares of ActivePassive U.S. Equity ETF in the 1st quarter worth $42,000.

ActivePassive U.S. Equity ETF Price Performance

Shares of NYSEARCA APUE opened at $41.01 on Friday. ActivePassive U.S. Equity ETF has a 1-year low of $29.72 and a 1-year high of $42.01. The business has a fifty day moving average price of $40.67 and a 200 day moving average price of $38.23. The stock has a market capitalization of $2.12 billion, a P/E ratio of 23.42 and a beta of 1.02.

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.