ActivePassive Core Bond ETF (NYSEARCA:APCB) Sees Unusually-High Trading Volume – Here’s Why

Shares of ActivePassive Core Bond ETF (NYSEARCA:APCB) saw strong trading volume on Wednesday . 97,052 shares changed hands during mid-day trading, an increase of 90% from the previous session’s volume of 51,016 shares.The stock last traded at $29.02 and had previously closed at $29.09.

ActivePassive Core Bond ETF Trading Down 0.1 %

The business has a fifty day moving average of $29.28 and a 200-day moving average of $29.70.

Hedge Funds Weigh In On ActivePassive Core Bond ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Fortitude Family Office LLC purchased a new stake in shares of ActivePassive Core Bond ETF in the third quarter worth about $58,000. Pinnacle Bancorp Inc. raised its position in ActivePassive Core Bond ETF by 182.4% during the fourth quarter. Pinnacle Bancorp Inc. now owns 2,395 shares of the company’s stock valued at $69,000 after purchasing an additional 1,547 shares during the period. Finally, First Horizon Advisors Inc. raised its position in ActivePassive Core Bond ETF by 7.8% during the third quarter. First Horizon Advisors Inc. now owns 6,863 shares of the company’s stock valued at $208,000 after purchasing an additional 498 shares during the period.

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.