ActivePassive International Equity ETF (NYSEARCA:APIE) Hits New 52-Week High – Time to Buy?

ActivePassive International Equity ETF (NYSEARCA:APIE) reached a new 52-week high during trading on Monday . The company traded as high as $37.07 and last traded at $37.00, with a volume of 7892 shares trading hands. The stock had previously closed at $36.68.

ActivePassive International Equity ETF Stock Performance

The stock’s 50 day moving average price is $36.00 and its 200 day moving average price is $35.02. The company has a market capitalization of $981.27 million, a P/E ratio of 16.03 and a beta of 0.68.

Institutional Investors Weigh In On ActivePassive International Equity ETF

A hedge fund recently raised its stake in ActivePassive International Equity ETF stock. Wedbush Securities Inc. grew its stake in shares of ActivePassive International Equity ETF (NYSEARCA:APIE) by 33.7% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 45,843 shares of the company’s stock after purchasing an additional 11,559 shares during the period. Wedbush Securities Inc. owned about 0.18% of ActivePassive International Equity ETF worth $1,527,000 as of its most recent filing with the SEC.

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. APIE was launched on May 3, 2023 and is managed by Envestnet.