ActivePassive U.S. Equity ETF (NYSEARCA:APUE) Sees Large Volume Increase – Here’s Why

Shares of ActivePassive U.S. Equity ETF (NYSEARCA:APUE) saw an uptick in trading volume on Monday . 130,404 shares were traded during mid-day trading, a decline of 36% from the previous session’s volume of 203,561 shares.The stock last traded at $34.26 and had previously closed at $33.42.

ActivePassive U.S. Equity ETF Trading Down 1.1 %

The business’s fifty day moving average price is $36.09 and its 200 day moving average price is $35.91. The company has a market capitalization of $1.63 billion, a P/E ratio of 22.92 and a beta of 1.01.

Institutional Trading of ActivePassive U.S. Equity ETF

Several hedge funds have recently modified their holdings of the stock. OLD Mission Capital LLC bought a new stake in shares of ActivePassive U.S. Equity ETF in the 4th quarter valued at about $391,000. Pinnacle Bancorp Inc. lifted its stake in ActivePassive U.S. Equity ETF by 152.4% in the fourth quarter. Pinnacle Bancorp Inc. now owns 4,157 shares of the company’s stock valued at $149,000 after acquiring an additional 2,510 shares during the last quarter. Finally, Silicon Valley Capital Partners acquired a new position in ActivePassive U.S. Equity ETF during the fourth quarter worth approximately $31,000.

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.