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

ActivePassive International Equity ETF (NYSEARCA:APIE) saw unusually-high trading volume on Wednesday . Approximately 132,726 shares were traded during trading, an increase of 144% from the previous session’s volume of 54,430 shares.The stock last traded at $29.20 and had previously closed at $29.05.

ActivePassive International Equity ETF Stock Up 0.9 %

The firm’s fifty day simple moving average is $28.78 and its 200-day simple moving average is $29.23. The firm has a market capitalization of $716.08 million, a PE ratio of 12.91 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. boosted its position in shares of ActivePassive International Equity ETF (NYSEARCA:APIE) by 189.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,586 shares of the company’s stock after acquiring 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 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.