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

ActivePassive U.S. Equity ETF (NYSEARCA:APUE) saw an uptick in trading volume on Friday . 246,157 shares traded hands during trading, an increase of 21% from the previous session’s volume of 202,862 shares.The stock last traded at $34.88 and had previously closed at $35.43.

ActivePassive U.S. Equity ETF Stock Up 0.7 %

The company has a 50-day moving average of $36.36 and a 200 day moving average of $35.92. The firm has a market capitalization of $1.67 billion, a PE ratio of 24.34 and a beta of 1.01.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Silicon Valley Capital Partners purchased a new position in shares of ActivePassive U.S. Equity ETF in the 4th quarter worth about $31,000. Pinnacle Bancorp Inc. boosted its holdings in shares of ActivePassive U.S. Equity ETF by 152.4% in the 4th quarter. Pinnacle Bancorp Inc. now owns 4,157 shares of the company’s stock worth $149,000 after purchasing an additional 2,510 shares in the last quarter. Finally, OLD Mission Capital LLC purchased a new position in shares of ActivePassive U.S. Equity ETF in the 4th quarter worth about $391,000.

About ActivePassive U.S. Equity ETF

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.