ActivePassive U.S. Equity ETF (NYSEARCA:APUE) Shares Down 0.7% – Here’s Why

Shares of ActivePassive U.S. Equity ETF (NYSEARCA:APUE) traded down 0.7% during mid-day trading on Wednesday . The stock traded as low as $41.66 and last traded at $41.67. 58,484 shares were traded during trading, a decline of 54% from the average session volume of 127,134 shares. The stock had previously closed at $41.98.

ActivePassive U.S. Equity ETF Stock Down 0.7%

The firm has a 50 day moving average of $41.60 and a 200 day moving average of $40.00. The firm has a market cap of $2.15 billion, a PE ratio of 23.42 and a beta of 1.02.

Institutional Investors Weigh In On ActivePassive U.S. Equity ETF

Large investors have recently added to or reduced their stakes in the company. NewEdge Advisors LLC purchased a new stake in ActivePassive U.S. Equity ETF during the first quarter valued at about $58,000. JPMorgan Chase & Co. bought a new stake in shares of ActivePassive U.S. Equity ETF in the third quarter valued at approximately $154,000. Finally, Wedbush Securities Inc. raised its position in shares of ActivePassive U.S. Equity ETF by 40.9% in the second quarter. Wedbush Securities Inc. now owns 82,562 shares of the company’s stock valued at $3,105,000 after purchasing an additional 23,952 shares during the period.

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.