ActivePassive Core Bond ETF (NYSEARCA:APCB) Sees Large Volume Increase – Still a Buy?

Shares of ActivePassive Core Bond ETF (NYSEARCA:APCB) saw an uptick in trading volume on Friday . 98,586 shares changed hands during trading, an increase of 61% from the previous session’s volume of 61,297 shares.The stock last traded at $29.58 and had previously closed at $29.54.

ActivePassive Core Bond ETF Trading Up 0.3 %

The stock has a fifty day simple moving average of $29.09 and a 200 day simple moving average of $29.61.

Institutional Investors Weigh In On ActivePassive Core Bond ETF

Several large investors have recently made changes to their positions in APCB. OLD Mission Capital LLC bought a new stake in shares of ActivePassive Core Bond ETF in the fourth quarter worth about $1,511,000. Pinnacle Bancorp Inc. increased its holdings in shares of ActivePassive Core Bond ETF by 182.4% in the fourth quarter. Pinnacle Bancorp Inc. now owns 2,395 shares of the company’s stock worth $69,000 after purchasing an additional 1,547 shares during the last quarter. Finally, First Horizon Advisors Inc. increased its holdings in shares of ActivePassive Core Bond ETF by 7.8% in the third quarter. First Horizon Advisors Inc. now owns 6,863 shares of the company’s stock worth $208,000 after purchasing an additional 498 shares during the last quarter.

ActivePassive Core Bond ETF Company Profile

The ActivePassive Core Bond ETF (APCB) is an exchange-traded fund that is based on the Bloomberg U.S. Aggregate Bond index. The fund is an actively managed fund that blends active and passive investment strategies. The fund seeks to provide current income with low volatility of principal APCB was launched on May 3, 2023 and is managed by Envestnet.