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

ActivePassive U.S. Equity ETF (NYSEARCA:APUE)’s share price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $13.39 and last traded at $41.3450, with a volume of 1678 shares traded. The stock had previously closed at $41.19.

ActivePassive U.S. Equity ETF Trading Up 0.1%

The company has a market cap of $2.12 billion, a PE ratio of 23.42 and a beta of 1.02. The firm has a 50 day moving average of $40.67 and a two-hundred day moving average of $38.23.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in APUE. Financial Gravity Asset Management Inc. bought a new stake in ActivePassive U.S. Equity ETF in the first quarter worth $42,000. Wedbush Securities Inc. raised its holdings in shares of ActivePassive U.S. Equity ETF by 86.2% in the 1st quarter. Wedbush Securities Inc. now owns 58,610 shares of the company’s stock valued at $1,992,000 after purchasing an additional 27,136 shares in the last quarter. JPMorgan Chase & Co. bought a new stake in ActivePassive U.S. Equity ETF during the third quarter valued at about $154,000. Finally, NewEdge Advisors LLC acquired a new stake in ActivePassive U.S. Equity ETF in the first quarter valued at approximately $58,000.

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.