ActivePassive U.S. Equity ETF (NYSEARCA:APUE) Shares Down 0.4% – Here’s What Happened

ActivePassive U.S. Equity ETF (NYSEARCA:APUE)’s stock price dropped 0.4% during trading on Wednesday . The stock traded as low as $35.67 and last traded at $35.76. Approximately 89,370 shares traded hands during mid-day trading, a decline of 56% from the average daily volume of 202,817 shares. The stock had previously closed at $35.91.

ActivePassive U.S. Equity ETF Trading Down 0.4 %

The firm has a market cap of $1.58 billion, a P/E ratio of 22.59 and a beta of 1.01. The company’s fifty day moving average price is $36.48 and its two-hundred day moving average price is $34.97.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in ActivePassive U.S. Equity ETF stock. Fortitude Family Office LLC purchased a new position in shares of ActivePassive U.S. Equity ETF (NYSEARCA:APUE) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 3,789 shares of the company’s stock, valued at approximately $134,000.

ActivePassive U.S. Equity ETF Company Profile

The ActivePassive U.S. Equity ETF (APUE) is an exchange-traded fund that is based on the CRSP US Large Cap index. The fund blends an active and passive management approach to build its portfolio. The fund aims to optimize costs, tracking and potentially produce higher returns by shifting exposure between active and passive investments in the broad US equity market APUE was launched on May 3, 2023 and is managed by Envestnet.