ActivePassive U.S. Equity ETF (NYSEARCA:APUE) Hits New 52-Week High – Here’s Why

ActivePassive U.S. Equity ETF (NYSEARCA:APUE)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $42.01 and last traded at $41.9340, with a volume of 79005 shares changing hands. The stock had previously closed at $41.77.

ActivePassive U.S. Equity ETF Stock Performance

The company has a market capitalization of $2.17 billion, a price-to-earnings ratio of 23.42 and a beta of 1.02. The firm has a 50-day simple moving average of $41.15 and a two-hundred day simple moving average of $39.20.

Institutional Trading of ActivePassive U.S. Equity ETF

Several hedge funds have recently modified their holdings of APUE. JPMorgan Chase & Co. purchased a new position in shares of ActivePassive U.S. Equity ETF in the 3rd quarter valued at about $154,000. Wedbush Securities Inc. raised its holdings in ActivePassive U.S. Equity ETF by 40.9% in the second quarter. Wedbush Securities Inc. now owns 82,562 shares of the company’s stock valued at $3,105,000 after acquiring an additional 23,952 shares in the last quarter. Finally, NewEdge Advisors LLC purchased a new position in ActivePassive U.S. Equity ETF in the first quarter worth approximately $58,000.

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.