ActivePassive International Equity ETF (NYSEARCA:APIE) Reaches New 52-Week High – Should You Buy?

ActivePassive International Equity ETF (NYSEARCA:APIE)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $31.34 and last traded at $30.97, with a volume of 57548 shares traded. The stock had previously closed at $30.50.

ActivePassive International Equity ETF Price Performance

The stock has a 50 day moving average price of $29.07 and a 200-day moving average price of $29.36. The stock has a market capitalization of $741.97 million, a price-to-earnings ratio of 12.91 and a beta of 0.90.

Institutional Trading of ActivePassive International Equity ETF

An institutional investor recently raised its position in ActivePassive International Equity ETF stock. Pinnacle Bancorp Inc. boosted its stake in shares of ActivePassive International Equity ETF (NYSEARCA:APIE) by 189.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,586 shares of the company’s stock after buying 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 quarter.

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.