ActivePassive International Equity ETF (NYSEARCA:APIE) Hits New 1-Year Low – Here’s Why

ActivePassive International Equity ETF (NYSEARCA:APIE)’s stock price reached a new 52-week low during trading on Monday . The stock traded as low as $26.35 and last traded at $26.67, with a volume of 2320 shares trading hands. The stock had previously closed at $27.72.

ActivePassive International Equity ETF Price Performance

The company’s 50-day moving average price is $30.15 and its two-hundred day moving average price is $29.62. The company has a market capitalization of $805.42 million, a P/E ratio of 16.41 and a beta of 0.90.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in ActivePassive International Equity ETF stock. Pinnacle Bancorp Inc. grew its position in ActivePassive International Equity ETF (NYSEARCA:APIE) by 189.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,586 shares of the company’s stock after purchasing an additional 1,692 shares during the quarter. Pinnacle Bancorp Inc.’s holdings in ActivePassive International Equity ETF were worth $72,000 as of its most recent SEC filing.

ActivePassive International Equity ETF Company Profile

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.