ActivePassive U.S. Equity ETF (NYSEARCA:APUE) Stock Price Down 0.4% – Here’s Why

ActivePassive U.S. Equity ETF (NYSEARCA:APUE)’s share price was down 0.4% during mid-day trading on Wednesday . The stock traded as low as $35.67 and last traded at $35.76. 89,370 shares traded hands during trading, a decline of 56% from the average session volume of 202,817 shares. The stock had previously closed at $35.91.

ActivePassive U.S. Equity ETF Stock Performance

The company has a 50 day moving average of $36.48 and a 200 day moving average of $34.97. The firm has a market cap of $1.58 billion, a P/E ratio of 22.59 and a beta of 1.01.

Institutional Investors 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 acquired a new stake in ActivePassive U.S. Equity ETF (NYSEARCA:APUE) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 3,789 shares of the company’s stock, valued at approximately $134,000.

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.