ActivePassive U.S. Equity ETF (NYSEARCA:APUE) Stock Price Down 0.4% – Should You Sell?

ActivePassive U.S. Equity ETF (NYSEARCA:APUE) shares dropped 0.4% during mid-day trading on Wednesday . The company traded as low as $35.67 and last traded at $35.76. Approximately 89,370 shares were traded during trading, a decline of 56% from the average daily volume of 202,817 shares. The stock had previously closed at $35.91.

ActivePassive U.S. Equity ETF Trading Up 1.1 %

The stock’s 50-day moving average is $36.48 and its 200-day moving average is $34.98. The stock has a market cap of $1.59 billion, a price-to-earnings ratio of 22.59 and a beta of 1.01.

Hedge Funds Weigh In On ActivePassive U.S. Equity ETF

A hedge fund recently bought a new stake in ActivePassive U.S. Equity ETF stock. Fortitude Family Office LLC acquired a new stake in ActivePassive U.S. Equity ETF (NYSEARCA:APUE) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,789 shares of the company’s stock, valued at approximately $134,000.

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.