ActivePassive International Equity ETF (NYSEARCA:APIE) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of ActivePassive International Equity ETF (NYSEARCA:APIE) saw an uptick in trading volume on Wednesday . 132,726 shares traded hands during mid-day trading, an increase of 144% from the previous session’s volume of 54,430 shares.The stock last traded at $29.20 and had previously closed at $29.05.

ActivePassive International Equity ETF Stock Performance

The stock’s 50 day moving average price is $28.78 and its 200-day moving average price is $29.23. The company has a market cap of $716.08 million, a PE ratio of 12.91 and a beta of 0.90.

Institutional Investors Weigh In On ActivePassive International Equity ETF

An institutional investor recently raised its position in ActivePassive International Equity ETF stock. Pinnacle Bancorp Inc. increased its position in ActivePassive International Equity ETF (NYSEARCA:APIE) by 189.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,586 shares of the company’s stock after purchasing an additional 1,692 shares during the period. Pinnacle Bancorp Inc.’s holdings in ActivePassive International Equity ETF were worth $72,000 at the end of the most recent reporting period.

About ActivePassive International Equity ETF

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.