ActivePassive U.S. Equity ETF (NYSEARCA:APUE) Sees Large Volume Increase – Time to Buy?

Shares of ActivePassive U.S. Equity ETF (NYSEARCA:APUE) saw strong trading volume on Monday . 130,404 shares traded hands during trading, a decline of 36% from the previous session’s volume of 203,561 shares.The stock last traded at $34.26 and had previously closed at $33.42.

ActivePassive U.S. Equity ETF Stock Up 0.1 %

The business’s 50-day simple moving average is $36.17 and its 200 day simple moving average is $35.91. The firm has a market capitalization of $1.64 billion, a P/E ratio of 22.92 and a beta of 1.01.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of APUE. Silicon Valley Capital Partners purchased a new stake in shares of ActivePassive U.S. Equity ETF during the fourth quarter valued at approximately $31,000. Pinnacle Bancorp Inc. boosted its stake in shares of ActivePassive U.S. Equity ETF by 152.4% during the fourth quarter. Pinnacle Bancorp Inc. now owns 4,157 shares of the company’s stock valued at $149,000 after purchasing an additional 2,510 shares during the period. Finally, OLD Mission Capital LLC purchased a new stake in shares of ActivePassive U.S. Equity ETF during the fourth quarter valued at approximately $391,000.

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.