ActivePassive International Equity ETF (NYSEARCA:APIE) Hits New 1-Year High – Should You Buy?

Shares of ActivePassive International Equity ETF (NYSEARCA:APIE) reached a new 52-week high during trading on Monday . The stock traded as high as $39.47 and last traded at $38.37, with a volume of 35205 shares changing hands. The stock had previously closed at $38.23.

ActivePassive International Equity ETF Price Performance

The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of 16.03 and a beta of 0.69. The business has a fifty day moving average of $38.30 and a 200 day moving average of $37.44.

Hedge Funds Weigh In On ActivePassive International Equity ETF

A hedge fund recently bought a new position in ActivePassive International Equity ETF stock. Harbor Investment Advisory LLC acquired a new position in shares of ActivePassive International Equity ETF (NYSEARCA:APIE) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm 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.