ActivePassive U.S. Equity ETF (NYSEARCA:APUE) Reaches New 52-Week High – Should You Buy?

Shares of ActivePassive U.S. Equity ETF (NYSEARCA:APUE) reached a new 52-week high on Tuesday . The company traded as high as $42.69 and last traded at $42.70, with a volume of 19317 shares. The stock had previously closed at $42.45.

ActivePassive U.S. Equity ETF Stock Up 0.6%

The firm has a fifty day moving average of $41.89 and a 200-day moving average of $40.64. The firm has a market cap of $2.27 billion, a P/E ratio of 23.42 and a beta of 1.02.

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

Several large investors have recently bought and sold shares of the business. NewEdge Advisors LLC bought a new position in ActivePassive U.S. Equity ETF in the first quarter valued at approximately $58,000. Wedbush Securities Inc. lifted its stake in shares of ActivePassive U.S. Equity ETF by 40.9% in the 2nd quarter. Wedbush Securities Inc. now owns 82,562 shares of the company’s stock valued at $3,105,000 after purchasing an additional 23,952 shares during the period. Finally, JPMorgan Chase & Co. bought a new position in shares of ActivePassive U.S. Equity ETF in the 3rd quarter worth $154,000.

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.