ActivePassive International Equity ETF (NYSEARCA:APIE) Shares Gap Up – Here’s Why

Shares of ActivePassive International Equity ETF (NYSEARCA:APIE) gapped up prior to trading on Thursday . The stock had previously closed at $28.02, but opened at $29.09. ActivePassive International Equity ETF shares last traded at $28.20, with a volume of 1,534 shares changing hands.

ActivePassive International Equity ETF Price Performance

The company has a market cap of $680.50 million, a price-to-earnings ratio of 12.91 and a beta of 0.90. The firm has a fifty day simple moving average of $29.06 and a 200 day simple moving average of $29.25.

Institutional Investors Weigh In On ActivePassive International Equity ETF

An institutional investor recently bought a new position in ActivePassive International Equity ETF stock. Fortitude Family Office LLC bought a new position in ActivePassive International Equity ETF (NYSEARCA:APIE) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,097 shares of the company’s stock, valued at approximately $64,000.

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.