ActivePassive International Equity ETF (NYSEARCA:APIE) Shares Down 0.7% – Here’s What Happened

ActivePassive International Equity ETF (NYSEARCA:APIE) fell 0.7% on Thursday. The company traded as low as $38.17 and last traded at $38.31. 65,235 shares were traded during trading, an increase of 2% from the average session volume of 63,989 shares. The stock had previously closed at $38.58.

ActivePassive International Equity ETF Trading Up 0.7%

The company has a market capitalization of $1.14 billion, a P/E ratio of 16.03 and a beta of 0.70. The stock has a 50 day moving average price of $39.25 and a 200 day moving average price of $38.27.

Institutional Trading of ActivePassive International Equity ETF

A hedge fund recently bought a new stake in ActivePassive International Equity ETF stock. Harbor Investment Advisory LLC acquired a new stake in ActivePassive International Equity ETF (NYSEARCA:APIE) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,624 shares of the company’s stock, valued at approximately $63,000.

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.