ActivePassive Core Bond ETF (NYSEARCA:APCB) Sees Large Volume Increase – Should You Buy?

ActivePassive Core Bond ETF (NYSEARCA:APCB) saw strong trading volume on Monday . 64,005 shares traded hands during mid-day trading, an increase of 19% from the previous session’s volume of 53,916 shares.The stock last traded at $29.24 and had previously closed at $29.27.

ActivePassive Core Bond ETF Price Performance

The stock’s 50 day simple moving average is $29.17 and its 200 day simple moving average is $29.67.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of APCB. First Horizon Advisors Inc. raised its position in ActivePassive Core Bond ETF by 7.8% during the 3rd quarter. First Horizon Advisors Inc. now owns 6,863 shares of the company’s stock valued at $208,000 after purchasing an additional 498 shares in the last quarter. Pinnacle Bancorp Inc. increased its stake in shares of ActivePassive Core Bond ETF by 182.4% during the fourth quarter. Pinnacle Bancorp Inc. now owns 2,395 shares of the company’s stock valued at $69,000 after buying an additional 1,547 shares during the period. Finally, Fortitude Family Office LLC bought a new stake in shares of ActivePassive Core Bond ETF in the third quarter valued at about $58,000.

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.