ActivePassive International Equity ETF (NYSEARCA:APIE) Reaches New 1-Year High – What’s Next?

Shares of ActivePassive International Equity ETF (NYSEARCA:APIE) reached a new 52-week high on Thursday . The company traded as high as $32.22 and last traded at $31.03, with a volume of 29239 shares. The stock had previously closed at $31.31.

ActivePassive International Equity ETF Stock Performance

The stock has a market capitalization of $882.15 million, a price-to-earnings ratio of 16.65 and a beta of 0.90. The business’s 50 day simple moving average is $30.04 and its 200-day simple moving average is $29.62.

Institutional Investors Weigh In On ActivePassive International Equity ETF

A hedge fund recently raised its stake in ActivePassive International Equity ETF stock. Pinnacle Bancorp Inc. boosted its position in ActivePassive International Equity ETF (NYSEARCA:APIE) by 189.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,586 shares of the company’s stock after purchasing an additional 1,692 shares during the period. Pinnacle Bancorp Inc.’s holdings in ActivePassive International Equity ETF were worth $72,000 as of its most recent SEC filing.

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.