ActivePassive International Equity ETF (NYSEARCA:APIE) Hits New 52-Week High – Here’s What Happened

ActivePassive International Equity ETF (NYSEARCA:APIE) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $39.29 and last traded at $38.37, with a volume of 45449 shares trading hands. The stock had previously closed at $39.10.

ActivePassive International Equity ETF Price Performance

The stock’s 50 day moving average is $38.21 and its 200-day moving average is $37.32. The company has a market capitalization of $1.07 billion, a P/E ratio of 16.03 and a beta of 0.69.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in ActivePassive International Equity ETF stock. Harbor Investment Advisory LLC bought a new stake in ActivePassive International Equity ETF (NYSEARCA:APIE) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,624 shares of the company’s stock, valued at approximately $63,000.

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. APIE was launched on May 3, 2023 and is managed by Envestnet.