ActivePassive Core Bond ETF (NYSEARCA:APCB) Sees Strong Trading Volume – Here’s Why

ActivePassive Core Bond ETF (NYSEARCA:APCB) saw an uptick in trading volume on Wednesday . 97,052 shares changed hands during mid-day trading, an increase of 90% from the previous session’s volume of 51,016 shares.The stock last traded at $29.02 and had previously closed at $29.09.

ActivePassive Core Bond ETF Stock Performance

The stock’s 50 day moving average price is $29.27 and its 200-day moving average price is $29.69.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in APCB. Fortitude Family Office LLC purchased a new stake in shares of ActivePassive Core Bond ETF during the third quarter worth about $58,000. Pinnacle Bancorp Inc. boosted its stake in ActivePassive Core Bond ETF by 182.4% in the 4th quarter. Pinnacle Bancorp Inc. now owns 2,395 shares of the company’s stock worth $69,000 after purchasing an additional 1,547 shares in the last quarter. Finally, First Horizon Advisors Inc. boosted its stake in ActivePassive Core Bond ETF by 7.8% in the 3rd quarter. First Horizon Advisors Inc. now owns 6,863 shares of the company’s stock worth $208,000 after purchasing an additional 498 shares in the last quarter.

About ActivePassive Core Bond ETF

The ActivePassive Core Bond ETF (APCB) is an exchange-traded fund that is based on the Bloomberg U.S. Aggregate Bond index. The fund is an actively managed fund that blends active and passive investment strategies. The fund seeks to provide current income with low volatility of principal APCB was launched on May 3, 2023 and is managed by Envestnet.