ActivePassive U.S. Equity ETF (NYSEARCA:APUE) Hits New 12-Month High – What’s Next?

by · The Markets Daily

ActivePassive U.S. Equity ETF (NYSEARCA:APUE – Get Free Report) shares hit a new 52-week high on Monday . The company traded as high as $46.70 and last traded at $46.69, with a volume of 37942 shares traded. The stock had previously closed at $46.12.

ActivePassive U.S. Equity ETF Trading Up 1.9%

The stock has a market cap of $2.50 billion, a price-to-earnings ratio of 23.42 and a beta of 1.00. The firm’s 50 day moving average is $45.99 and its two-hundred day moving average is $43.72.

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

Several large investors have recently added to or reduced their stakes in the business. NewEdge Advisors LLC boosted its position in shares of ActivePassive U.S. Equity ETF by 1,622.9% in the fourth quarter. NewEdge Advisors LLC now owns 29,221 shares of the company’s stock worth $1,218,000 after acquiring an additional 27,525 shares during the last quarter. Harbor Investment Advisory LLC purchased a new stake in ActivePassive U.S. Equity ETF during the 2nd quarter worth $176,000. Finally, JPMorgan Chase & Co. acquired a new stake in shares of ActivePassive U.S. Equity ETF in the third quarter valued at about $154,000.

ActivePassive U.S. Equity ETF Company Profile

(Get Free Report)

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.

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