ActivePassive U.S. Equity ETF (NYSEARCA:APUE) Sees Large Volume Increase – Still a Buy?

ActivePassive U.S. Equity ETF (NYSEARCA:APUE) saw an uptick in trading volume on Tuesday . 169,300 shares were traded during mid-day trading, an increase of 25% from the previous session’s volume of 135,541 shares.The stock last traded at $32.96 and had previously closed at $32.46.

ActivePassive U.S. Equity ETF Stock Performance

The stock has a market cap of $1.57 billion, a PE ratio of 22.94 and a beta of 1.01. The company’s 50-day moving average price is $34.68 and its 200 day moving average price is $35.71.

Hedge Funds Weigh In On ActivePassive U.S. Equity ETF

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Silicon Valley Capital Partners bought a new stake in ActivePassive U.S. Equity ETF during the fourth quarter valued at about $31,000. Pinnacle Bancorp Inc. increased its position in ActivePassive U.S. Equity ETF by 152.4% in the fourth quarter. Pinnacle Bancorp Inc. now owns 4,157 shares of the company’s stock worth $149,000 after purchasing an additional 2,510 shares during the last quarter. Finally, OLD Mission Capital LLC purchased a new position in shares of ActivePassive U.S. Equity ETF in the 4th quarter worth $391,000.

ActivePassive U.S. Equity ETF Company Profile

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.