ActivePassive International Equity ETF (NYSEARCA:APIE) Sets New 1-Year High – Time to Buy?

ActivePassive International Equity ETF (NYSEARCA:APIE) shares hit a new 52-week high 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 Stock Performance

The firm has a market cap of $1.07 billion, a P/E ratio of 16.03 and a beta of 0.69. The firm’s fifty day moving average is $38.15 and its 200 day moving average is $37.29.

Hedge Funds Weigh In On ActivePassive International Equity ETF

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

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