ActivePassive International Equity ETF (NYSEARCA:APIE) Shares Down 0.2% – Should You Sell?

ActivePassive International Equity ETF (NYSEARCA:APIE) was down 0.2% on Wednesday . The company traded as low as $28.02 and last traded at $28.02. Approximately 58,664 shares were traded during trading, a decline of 49% from the average daily volume of 115,737 shares. The stock had previously closed at $28.09.

ActivePassive International Equity ETF Price Performance

The firm’s fifty day moving average is $29.14 and its two-hundred day moving average is $29.26. The firm has a market cap of $678.08 million, a price-to-earnings ratio of 12.91 and a beta of 0.90.

Institutional Investors Weigh In On ActivePassive International Equity ETF

A hedge fund recently bought a new stake in ActivePassive International Equity ETF stock. Fortitude Family Office LLC purchased a new stake in shares of ActivePassive International Equity ETF (NYSEARCA:APIE) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 2,097 shares of the company’s stock, valued at approximately $64,000.

About ActivePassive International Equity ETF

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.