ActivePassive International Equity ETF (NYSEARCA:APIE) Sees Unusually-High Trading Volume – Still a Buy?

ActivePassive International Equity ETF (NYSEARCA:APIEGet Free Report) shares saw unusually-high trading volume on Monday . Approximately 52,125 shares changed hands during trading, a decline of 25% from the previous session’s volume of 69,921 shares.The stock last traded at $31.26 and had previously closed at $30.97.

ActivePassive International Equity ETF Price Performance

The company has a market cap of $891.16 million, a price-to-earnings ratio of 16.65 and a beta of 0.90. The business’s 50-day simple moving average is $29.76 and its 200-day simple moving average is $29.57.

Hedge Funds Weigh In On ActivePassive International Equity ETF

A hedge fund recently raised its stake in ActivePassive International Equity ETF stock. Pinnacle Bancorp Inc. lifted its position in shares of ActivePassive International Equity ETF (NYSEARCA:APIEFree Report) by 189.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,586 shares of the company’s stock after buying an additional 1,692 shares during the quarter. Pinnacle Bancorp Inc.’s holdings in ActivePassive International Equity ETF were worth $72,000 at the end of the most recent quarter.

About ActivePassive International Equity ETF

(Get Free Report)

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.

Further Reading

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