ActivePassive U.S. Equity ETF (NYSEARCA:APUE) Sees Large Volume Increase – Here’s Why

Shares of ActivePassive U.S. Equity ETF (NYSEARCA:APUE) saw unusually-high trading volume on Wednesday . Approximately 884,843 shares were traded during mid-day trading, an increase of 492% from the previous session’s volume of 149,542 shares.The stock last traded at $37.13 and had previously closed at $36.86.

ActivePassive U.S. Equity ETF Stock Performance

The stock has a market capitalization of $1.64 billion, a PE ratio of 22.59 and a beta of 1.01. The business’s 50-day moving average price is $36.55 and its 200 day moving average price is $35.27.

Hedge Funds Weigh In On ActivePassive U.S. Equity ETF

An institutional investor recently raised its position in ActivePassive U.S. Equity ETF stock. Pinnacle Bancorp Inc. increased its stake in ActivePassive U.S. Equity ETF (NYSEARCA:APUE) by 152.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,157 shares of the company’s stock after purchasing an additional 2,510 shares during the period. Pinnacle Bancorp Inc.’s holdings in ActivePassive U.S. Equity ETF were worth $149,000 as of its most recent SEC filing.

ActivePassive U.S. Equity ETF Company Profile

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.