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

ActivePassive Core Bond ETF (NYSEARCA:APCB) saw unusually-high trading volume on Wednesday . Approximately 409,464 shares were traded during trading, an increase of 261% from the previous session’s volume of 113,482 shares.The stock last traded at $29.38 and had previously closed at $29.38.

ActivePassive Core Bond ETF Trading Down 0.1 %

The firm has a fifty day moving average price of $29.19 and a 200-day moving average price of $29.54.

Hedge Funds Weigh In On ActivePassive Core Bond ETF

A number of hedge funds have recently made changes to their positions in the stock. OLD Mission Capital LLC purchased a new position in shares of ActivePassive Core Bond ETF in the 4th quarter worth about $1,511,000. Pinnacle Bancorp Inc. increased its position in ActivePassive Core Bond ETF by 182.4% during the 4th quarter. Pinnacle Bancorp Inc. now owns 2,395 shares of the company’s stock worth $69,000 after purchasing an additional 1,547 shares in the last quarter. Finally, First Horizon Advisors Inc. raised its holdings in 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 valued at $208,000 after buying 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.