ActivePassive Core Bond ETF (NYSEARCA:APCB) Sees Unusually-High Trading Volume – Should You Buy?

ActivePassive Core Bond ETF (NYSEARCA:APCB) saw unusually-high trading volume on Thursday . Approximately 69,179 shares traded hands during mid-day trading, an increase of 3% from the previous session’s volume of 67,134 shares.The stock last traded at $29.28 and had previously closed at $29.43.

ActivePassive Core Bond ETF Price Performance

The company’s fifty day moving average is $29.16 and its two-hundred day moving average is $29.57.

Institutional Investors Weigh In On ActivePassive Core Bond ETF

Several hedge funds have recently added to or reduced their stakes in APCB. OLD Mission Capital LLC purchased a new position in shares of ActivePassive Core Bond ETF during the 4th quarter valued at approximately $1,511,000. Pinnacle Bancorp Inc. grew its position in ActivePassive Core Bond ETF by 182.4% during the fourth quarter. Pinnacle Bancorp Inc. now owns 2,395 shares of the company’s stock valued at $69,000 after buying an additional 1,547 shares during the period. Finally, First Horizon Advisors Inc. increased its holdings in ActivePassive Core Bond ETF by 7.8% in the third quarter. First Horizon Advisors Inc. now owns 6,863 shares of the company’s stock valued at $208,000 after buying an additional 498 shares in the last quarter.

About ActivePassive Core Bond ETF

The ActivePassive Core Bond ETF (APCB) is an exchange-traded fund that is based on the Bloomberg U.S. Aggregate Bond index. The fund is an actively managed fund that blends active and passive investment strategies. The fund seeks to provide current income with low volatility of principal APCB was launched on May 3, 2023 and is managed by Envestnet.