ActivePassive International Equity ETF (NYSEARCA:APIE) Hits New 52-Week High – Here’s Why

ActivePassive International Equity ETF (NYSEARCA:APIE) shares hit a new 52-week high on Monday . The stock traded as high as $37.07 and last traded at $37.00, with a volume of 7892 shares changing hands. The stock had previously closed at $36.68.

ActivePassive International Equity ETF Stock Up 0.3%

The stock has a market cap of $975.61 million, a PE ratio of 16.03 and a beta of 0.68. The business’s 50-day simple moving average is $36.05 and its 200-day simple moving average is $35.08.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in ActivePassive International Equity ETF stock. Wedbush Securities Inc. grew its holdings in ActivePassive International Equity ETF (NYSEARCA:APIE) by 33.7% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 45,843 shares of the company’s stock after buying an additional 11,559 shares during the quarter. Wedbush Securities Inc. owned approximately 0.18% of ActivePassive International Equity ETF worth $1,527,000 at the end of the most recent quarter.

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.