ActivePassive International Equity ETF (NYSEARCA:APIE) Sees Large Volume Increase – Still a Buy?

Shares of ActivePassive International Equity ETF (NYSEARCA:APIE) saw an uptick in trading volume on Monday . 52,125 shares were traded during trading, a decline of 25% from the previous session’s volume of 69,921 shares.The stock last traded at $31.26 and had previously closed at $30.97.

ActivePassive International Equity ETF Stock Performance

The company’s 50 day moving average is $29.87 and its 200 day moving average is $29.59. The stock has a market capitalization of $891.85 million, a price-to-earnings ratio of 16.65 and a beta of 0.90.

Institutional Investors Weigh In On ActivePassive International Equity ETF

An institutional investor recently raised its position in ActivePassive International Equity ETF stock. Pinnacle Bancorp Inc. increased its position in ActivePassive International Equity ETF (NYSEARCA:APIE) by 189.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,586 shares of the company’s stock after purchasing an additional 1,692 shares during the quarter. Pinnacle Bancorp Inc.’s holdings in ActivePassive International Equity ETF were worth $72,000 at the end of the most recent quarter.

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.