ActivePassive Core Bond ETF (NYSEARCA:APCB) Sees Strong Trading Volume – Still a Buy?

ActivePassive Core Bond ETF (NYSEARCA:APCB) saw an uptick in trading volume on Wednesday . 97,052 shares changed hands during trading, an increase of 90% from the previous session’s volume of 51,016 shares.The stock last traded at $29.02 and had previously closed at $29.09.

ActivePassive Core Bond ETF Trading Up 0.2 %

The business has a 50-day simple moving average of $29.27 and a 200-day simple moving average of $29.69.

Hedge Funds Weigh In On ActivePassive Core Bond ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. First Horizon Advisors Inc. lifted its stake in ActivePassive Core Bond ETF by 7.8% in the 3rd quarter. First Horizon Advisors Inc. now owns 6,863 shares of the company’s stock worth $208,000 after purchasing an additional 498 shares in the last quarter. Pinnacle Bancorp Inc. grew its position in shares of ActivePassive Core Bond ETF by 182.4% in the fourth quarter. Pinnacle Bancorp Inc. now owns 2,395 shares of the company’s stock valued at $69,000 after purchasing an additional 1,547 shares in the last quarter. Finally, Fortitude Family Office LLC acquired a new stake in shares of ActivePassive Core Bond ETF in the third quarter valued at approximately $58,000.

ActivePassive Core Bond ETF Company Profile

The ActivePassive Core Bond ETF (APCB) is an exchange-traded fund that is based on the Bloomberg U.S. Aggregate Bond index. The fund is an actively managed fund that blends active and passive investment strategies. The fund seeks to provide current income with low volatility of principal APCB was launched on May 3, 2023 and is managed by Envestnet.