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

ActivePassive U.S. Equity ETF (NYSEARCA:APUE) reached a new 52-week high on Thursday . The stock traded as high as $43.97 and last traded at $43.89, with a volume of 48014 shares. The stock had previously closed at $43.68.

ActivePassive U.S. Equity ETF Stock Up 0.3%

The stock has a market capitalization of $2.42 billion, a P/E ratio of 23.42 and a beta of 1.00. The firm has a 50 day simple moving average of $41.71 and a two-hundred day simple moving average of $41.75.

Institutional Investors 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 lifted its stake in shares of ActivePassive U.S. Equity ETF (NYSEARCA:APUE) by 1,622.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 29,221 shares of the company’s stock after purchasing an additional 27,525 shares during the period. NewEdge Advisors LLC owned 0.06% of ActivePassive U.S. Equity ETF worth $1,218,000 at the end of the most recent quarter.

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.