ActivePassive U.S. Equity ETF (NYSEARCA:APUE) Reaches New 1-Year High – Should You Buy?

Shares of ActivePassive U.S. Equity ETF (NYSEARCA:APUE) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $48.13 and last traded at $48.12, with a volume of 7345 shares traded. The stock had previously closed at $47.74.

ActivePassive U.S. Equity ETF Price Performance

The company has a market cap of $2.52 billion, a P/E ratio of 23.42 and a beta of 1.00. The company has a 50 day moving average of $46.24 and a 200-day moving average of $44.02.

Institutional Trading of ActivePassive U.S. Equity ETF

Institutional investors and hedge funds have recently modified their holdings of the business. NewEdge Advisors LLC bought a new stake in shares of ActivePassive U.S. Equity ETF during the 1st quarter valued at about $58,000. JPMorgan Chase & Co. purchased a new position in shares of ActivePassive U.S. Equity ETF during the third quarter worth about $154,000. Finally, Harbor Investment Advisory LLC bought a new position in shares of ActivePassive U.S. Equity ETF in the second quarter worth approximately $176,000.

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.