ActivePassive U.S. Equity ETF (NYSEARCA:APUE) Hits New 12-Month High – Still a Buy?

ActivePassive U.S. Equity ETF (NYSEARCA:APUEGet Free Report) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $46.13 and last traded at $46.13, with a volume of 1113 shares changing hands. The stock had previously closed at $46.00.

ActivePassive U.S. Equity ETF Stock Performance

The business has a 50 day simple moving average of $42.94 and a 200-day simple moving average of $42.26. The stock has a market capitalization of $2.52 billion, a P/E ratio of 23.42 and a beta of 1.00.

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

A hedge fund recently raised its stake in ActivePassive U.S. Equity ETF stock. NewEdge Advisors LLC raised its position in shares of ActivePassive U.S. Equity ETF (NYSEARCA:APUEFree Report) by 1,622.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 29,221 shares of the company’s stock after purchasing an additional 27,525 shares during the quarter. NewEdge Advisors LLC owned about 0.06% of ActivePassive U.S. Equity ETF worth $1,218,000 as of its most recent SEC filing.

About ActivePassive U.S. Equity ETF

(Get Free Report)

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.

Further Reading

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