ActivePassive U.S. Equity ETF (NYSEARCA:APUE) Sees Large Volume Increase – Still a Buy?

ActivePassive U.S. Equity ETF (NYSEARCA:APUE) saw unusually-high trading volume on Monday . Approximately 130,404 shares were traded during mid-day trading, a decline of 36% from the previous session’s volume of 203,561 shares.The stock last traded at $34.26 and had previously closed at $33.42.

ActivePassive U.S. Equity ETF Stock Down 1.1 %

The business’s 50-day simple moving average is $36.09 and its two-hundred day simple moving average is $35.91. The firm has a market cap of $1.63 billion, a price-to-earnings ratio of 22.92 and a beta of 1.01.

Hedge Funds Weigh In On ActivePassive U.S. Equity ETF

Hedge funds have recently bought and sold shares of the business. OLD Mission Capital LLC acquired a new position in shares of ActivePassive U.S. Equity ETF during the 4th quarter worth approximately $391,000. Pinnacle Bancorp Inc. increased its holdings in ActivePassive U.S. Equity ETF by 152.4% in the 4th quarter. Pinnacle Bancorp Inc. now owns 4,157 shares of the company’s stock worth $149,000 after acquiring an additional 2,510 shares in the last quarter. Finally, Silicon Valley Capital Partners acquired a new position in ActivePassive U.S. Equity ETF during the fourth quarter worth $31,000.

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.