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

ActivePassive U.S. Equity ETF (NYSEARCA:APUE) shares saw strong trading volume on Friday . 246,157 shares changed hands during mid-day 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 Price Performance

The business has a fifty day moving average of $36.36 and a 200 day moving average of $35.92. The stock has a market cap of $1.67 billion, a price-to-earnings ratio of 24.34 and a beta of 1.01.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. OLD Mission Capital LLC acquired a new stake in shares of ActivePassive U.S. Equity ETF during the 4th quarter worth $391,000. Silicon Valley Capital Partners acquired a new stake in shares of ActivePassive U.S. Equity ETF during the 4th quarter worth $31,000. Finally, Pinnacle Bancorp Inc. grew its holdings in shares of ActivePassive U.S. Equity ETF by 152.4% during 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.

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.