ActivePassive U.S. Equity ETF (NYSEARCA:APUE) Reaches New 52-Week High – Should You Buy?

ActivePassive U.S. Equity ETF (NYSEARCA:APUE) reached a new 52-week high on Monday . The stock traded as high as $42.80 and last traded at $42.75, with a volume of 99830 shares trading hands. The stock had previously closed at $42.53.

ActivePassive U.S. Equity ETF Stock Down 0.0%

The firm has a fifty day moving average of $42.19 and a 200-day moving average of $40.97. The stock has a market capitalization of $2.25 billion, a price-to-earnings ratio of 23.42 and a beta of 1.02.

Institutional Investors Weigh In On ActivePassive U.S. Equity ETF

Several institutional investors and hedge funds have recently made changes to their positions in APUE. Wedbush Securities Inc. grew its stake in ActivePassive U.S. Equity ETF by 40.9% in the 2nd quarter. Wedbush Securities Inc. now owns 82,562 shares of the company’s stock valued at $3,105,000 after acquiring an additional 23,952 shares during the last quarter. JPMorgan Chase & Co. purchased a new stake in shares of ActivePassive U.S. Equity ETF in the third quarter valued at about $154,000. Finally, NewEdge Advisors LLC purchased a new stake in shares of ActivePassive U.S. Equity ETF in the first quarter valued at about $58,000.

ActivePassive U.S. Equity ETF Company Profile

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.