ActivePassive U.S. Equity ETF (NYSEARCA:APUE) Hits New 1-Year High – Time to Buy?

ActivePassive U.S. Equity ETF (NYSEARCA:APUEGet Free Report)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $45.35 and last traded at $45.26, with a volume of 82641 shares trading hands. The stock had previously closed at $45.23.

ActivePassive U.S. Equity ETF Stock Performance

The company has a market capitalization of $2.48 billion, a PE ratio of 23.42 and a beta of 1.00. The stock’s fifty day simple moving average is $42.11 and its 200-day simple moving average is $41.98.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in ActivePassive U.S. Equity ETF stock. NewEdge Advisors LLC lifted its stake in shares of ActivePassive U.S. Equity ETF (NYSEARCA:APUEFree Report) by 1,622.9% during the 4th quarter, according to the company in its most recent 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 0.06% of ActivePassive U.S. Equity ETF worth $1,218,000 as of its most recent SEC filing.

About ActivePassive U.S. Equity ETF

(Get Free Report)

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.

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