ActivePassive International Equity ETF (NYSEARCA:APIE) Sees Unusually-High Trading Volume – Still a Buy?

ActivePassive International Equity ETF (NYSEARCA:APIE) shares saw unusually-high trading volume on Thursday . Approximately 74,695 shares were traded during trading, an increase of 13% from the previous session’s volume of 66,261 shares.The stock last traded at $29.79 and had previously closed at $29.48.

ActivePassive International Equity ETF Stock Performance

The stock’s fifty day moving average is $28.91 and its two-hundred day moving average is $29.24. The firm has a market cap of $724.19 million, a price-to-earnings ratio of 12.91 and a beta of 0.90.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in ActivePassive International Equity ETF stock. Fortitude Family Office LLC purchased a new stake in shares of ActivePassive International Equity ETF (NYSEARCA:APIE) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 2,097 shares of the company’s stock, valued at approximately $64,000.

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.