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

ActivePassive International Equity ETF (NYSEARCA:APIE) shares saw unusually-strong trading volume on Monday . Approximately 52,125 shares changed hands during trading, a decline of 25% from the previous session’s volume of 69,921 shares.The stock last traded at $31.26 and had previously closed at $30.97.

ActivePassive International Equity ETF Stock Performance

The company has a 50-day simple moving average of $29.76 and a 200-day simple moving average of $29.57. The company has a market cap of $891.16 million, a price-to-earnings ratio of 16.65 and a beta of 0.90.

Hedge Funds Weigh In On ActivePassive International Equity ETF

An institutional investor recently raised its position in ActivePassive International Equity ETF stock. Pinnacle Bancorp Inc. boosted its stake in ActivePassive International Equity ETF (NYSEARCA:APIE) by 189.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,586 shares of the company’s stock after buying 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 filing with the SEC.

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.