ActivePassive U.S. Equity ETF (NYSEARCA:APUE) Sees Unusually-High Trading Volume – Here’s Why

ActivePassive U.S. Equity ETF (NYSEARCA:APUE) saw an uptick in trading volume on Friday . 246,157 shares were traded during trading, an increase of 21% from the previous session’s volume of 202,862 shares.The stock last traded at $34.88 and had previously closed at $35.43.

ActivePassive U.S. Equity ETF Stock Performance

The firm’s fifty day moving average price is $36.39 and its 200 day moving average price is $35.90. The firm has a market cap of $1.65 billion, a P/E ratio of 24.34 and a beta of 1.01.

Institutional Trading of ActivePassive U.S. Equity ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Silicon Valley Capital Partners bought a new stake in ActivePassive U.S. Equity ETF during the fourth quarter valued at about $31,000. Pinnacle Bancorp Inc. boosted its holdings in shares of 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 valued at $149,000 after buying an additional 2,510 shares in the last quarter. Finally, OLD Mission Capital LLC purchased a new position in shares of ActivePassive U.S. Equity ETF in the 4th quarter worth approximately $391,000.

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.