ActivePassive International Equity ETF (NYSEARCA:APIE) Reaches New 1-Year High – Still a Buy?

ActivePassive International Equity ETF (NYSEARCA:APIE) hit a new 52-week high during trading on Monday . The stock traded as high as $40.13 and last traded at $39.89, with a volume of 20186 shares traded. The stock had previously closed at $40.00.

ActivePassive International Equity ETF Trading Down 0.0%

The business’s 50 day moving average price is $38.57 and its two-hundred day moving average price is $37.68. The stock has a market cap of $1.17 billion, a P/E ratio of 16.03 and a beta of 0.69.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in ActivePassive International Equity ETF stock. Harbor Investment Advisory LLC purchased a new stake in shares of ActivePassive International Equity ETF (NYSEARCA:APIE) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,624 shares of the company’s stock, valued at approximately $63,000.

ActivePassive International Equity ETF Company Profile

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.