ActivePassive International Equity ETF (NYSEARCA:APIE) Hits New 12-Month High – Here’s Why

ActivePassive International Equity ETF (NYSEARCA:APIE)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $32.22 and last traded at $31.03, with a volume of 29239 shares. The stock had previously closed at $31.31.

ActivePassive International Equity ETF Stock Down 0.9 %

The stock has a market cap of $885.43 million, a P/E ratio of 16.65 and a beta of 0.90. The firm’s fifty day moving average price is $29.93 and its 200-day moving average price is $29.60.

Institutional Trading of ActivePassive International Equity ETF

A hedge fund recently raised its stake in ActivePassive International Equity ETF stock. Pinnacle Bancorp Inc. boosted its stake in ActivePassive International Equity ETF (NYSEARCA:APIE) by 189.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,586 shares of the company’s stock after acquiring an additional 1,692 shares during the period. Pinnacle Bancorp Inc.’s holdings in ActivePassive International Equity ETF were worth $72,000 at the end of the most recent reporting period.

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.