ActivePassive International Equity ETF (NYSEARCA:APIE) Shares Down 0.2% – Here’s Why

ActivePassive International Equity ETF (NYSEARCA:APIE)’s stock price dropped 0.2% during trading on Wednesday . The stock traded as low as $28.02 and last traded at $28.02. Approximately 58,664 shares traded hands 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 Trading Down 0.2 %

The firm has a market capitalization of $678.08 million, a price-to-earnings ratio of 12.91 and a beta of 0.90. The business has a 50-day moving average price of $29.14 and a two-hundred day moving average price of $29.26.

Hedge Funds 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 acquired a new position in ActivePassive International Equity ETF (NYSEARCA:APIE) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 2,097 shares of the company’s stock, valued at approximately $64,000.

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.