ActivePassive U.S. Equity ETF (NYSEARCA:APUE) Stock Jumps 0.6% – Here’s What Happened

ActivePassive U.S. Equity ETF (NYSEARCA:APUE)’s stock price was up 0.6% during trading on Monday. The company traded as high as $47.87 and last traded at $47.79. Approximately 96,657 shares were traded during mid-day trading, a decline of 22% from the average daily volume of 123,203 shares. The stock had previously closed at $47.51.

ActivePassive U.S. Equity ETF Stock Performance

The stock has a market capitalization of $2.52 billion, a P/E ratio of 23.42 and a beta of 1.00. The firm has a fifty day moving average price of $47.26 and a two-hundred day moving average price of $45.43.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in ActivePassive U.S. Equity ETF stock. Harbor Investment Advisory LLC bought a new position in ActivePassive U.S. Equity ETF (NYSEARCA:APUE) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,809 shares of the company’s stock, valued at approximately $176,000.

ActivePassive U.S. Equity ETF Company Profile

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.