ActivePassive International Equity ETF (NYSEARCA:APIE) Sets New 12-Month High – Here’s Why

ActivePassive International Equity ETF (NYSEARCA:APIE) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $38.98 and last traded at $38.98, with a volume of 12817 shares. The stock had previously closed at $38.69.

ActivePassive International Equity ETF Stock Up 0.7%

The stock has a market capitalization of $1.03 billion, a P/E ratio of 16.03 and a beta of 0.68. The firm’s 50 day simple moving average is $37.15 and its two-hundred day simple moving average is $36.04.

Hedge Funds Weigh In On ActivePassive International Equity ETF

A hedge fund recently raised its stake in ActivePassive International Equity ETF stock. Wedbush Securities Inc. boosted its holdings in ActivePassive International Equity ETF (NYSEARCA:APIE) by 33.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 45,843 shares of the company’s stock after purchasing an additional 11,559 shares during the quarter. Wedbush Securities Inc. owned about 0.18% of ActivePassive International Equity ETF worth $1,527,000 at the end of the most recent quarter.

About ActivePassive International Equity ETF

The ActivePassive International Equity ETF (APIE) is an exchange-traded fund that is based on the S&P Classic ADR Composite index. The fund is an actively managed fund that utilizes a core and explore investment strategy in pursuing international equity exposure. The strategy blends passive and active approach to optimize cost, tracking and potential return over its benchmark index. APIE was launched on May 3, 2023 and is managed by Envestnet.