ActivePassive International Equity ETF (NYSEARCA:APIE) Sets New 12-Month High – Here’s Why

ActivePassive International Equity ETF (NYSEARCA:APIE) reached a new 52-week high on Monday . The company traded as high as $32.86 and last traded at $32.80, with a volume of 49444 shares. The stock had previously closed at $32.65.

ActivePassive International Equity ETF Trading Up 0.1%

The firm’s fifty day moving average price is $30.48 and its 200 day moving average price is $29.91. The stock has a market capitalization of $938.90 million, a price-to-earnings ratio of 16.31 and a beta of 0.70.

Hedge Funds Weigh In On ActivePassive International Equity ETF

An institutional investor recently bought a new position in ActivePassive International Equity ETF stock. Financial Gravity Asset Management Inc. purchased a new stake in ActivePassive International Equity ETF (NYSEARCA:APIE) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,186 shares of the company’s stock, valued at approximately $36,000.

About ActivePassive International Equity ETF

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.