ActivePassive U.S. Equity ETF (NYSEARCA:APUE) Reaches New 12-Month High – Still a Buy?

ActivePassive U.S. Equity ETF (NYSEARCA:APUE)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $42.56 and last traded at $42.5280, with a volume of 46522 shares traded. The stock had previously closed at $42.49.

ActivePassive U.S. Equity ETF Stock Performance

The firm has a market cap of $2.21 billion, a price-to-earnings ratio of 23.42 and a beta of 1.02. The business’s 50 day moving average price is $41.68 and its 200 day moving average price is $40.32.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of APUE. JPMorgan Chase & Co. purchased a new stake in shares of ActivePassive U.S. Equity ETF during the 3rd quarter worth about $154,000. Wedbush Securities Inc. boosted its position in ActivePassive U.S. Equity ETF by 40.9% during the second quarter. Wedbush Securities Inc. now owns 82,562 shares of the company’s stock worth $3,105,000 after purchasing an additional 23,952 shares in the last quarter. Finally, NewEdge Advisors LLC purchased a new position in ActivePassive U.S. Equity ETF during the first quarter worth approximately $58,000.

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.