ActivePassive Core Bond ETF (NYSEARCA:APCB) Hits New 1-Year Low – Here’s Why

ActivePassive Core Bond ETF (NYSEARCA:APCB) shares hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $28.70 and last traded at $28.7540, with a volume of 60106 shares trading hands. The stock had previously closed at $28.77.

ActivePassive Core Bond ETF Price Performance

The business has a 50 day simple moving average of $29.02 and a 200 day simple moving average of $29.32.

ActivePassive Core Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, August 4th. Investors of record on Monday, August 3rd were given a dividend of $0.1013 per share. The ex-dividend date was Monday, August 3rd. This represents a c) annualized dividend and a yield of 4.2%.

Institutional Investors Weigh In On ActivePassive Core Bond ETF

An institutional investor recently bought a new position in ActivePassive Core Bond ETF stock. Harbor Investment Advisory LLC purchased a new stake in shares of ActivePassive Core Bond ETF (NYSEARCA:APCB) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,171 shares of the company’s stock, valued at approximately $93,000.

ActivePassive Core Bond ETF Company Profile

The ActivePassive Core Bond ETF (APCB) is an exchange-traded fund that is based on the Bloomberg U.S. Aggregate Bond index. The fund is an actively managed fund that blends active and passive investment strategies. The fund seeks to provide current income with low volatility of principal APCB was launched on May 3, 2023 and is managed by Envestnet.