ActivePassive U.S. Equity ETF (NYSEARCA:APUE) Sees Unusually-High Trading Volume – What’s Next?

Shares of ActivePassive U.S. Equity ETF (NYSEARCA:APUE) saw strong trading volume on Wednesday . 884,843 shares traded hands 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 Up 0.7 %

The firm has a 50 day moving average price of $36.53 and a 200 day moving average price of $35.24. The stock has a market cap of $1.64 billion, a P/E ratio of 22.59 and a beta of 1.01.

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

An institutional investor recently bought a new position in ActivePassive U.S. Equity ETF stock. Fortitude Family Office LLC bought a new position in ActivePassive U.S. Equity ETF (NYSEARCA:APUE) in the third quarter, according to the company in its most recent filing with the SEC. The fund bought 3,789 shares of the company’s stock, valued at approximately $134,000.

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.