APA Co. (NASDAQ:APA) Shares Purchased by Envestnet Asset Management Inc.

APA Co. (American Pacific Advisors Corp.) is a financial services company that operates in the investment management industry. The company's NASDAQAPA shares were recently purchased by Envestnet Asset Management Inc., a leading provider of wealth management solutions for individuals and institutions.

Envestnet Asset Management Inc. is a subsidiary of Envestnet, Inc., which is a publicly traded financial technology company. The company provides investment advisory services to clients through its various subsidiaries, including Envestnet Asset Management Inc.

The purchase of APA Co.'s NASDAQAPA shares by Envestnet Asset Management Inc. was announced on [insert date]. The terms of the transaction were not disclosed in the press release.

APA Co. is headquartered in San Francisco, California and has been in business since 1987. The company provides investment management services to individuals and institutions, including mutual funds, exchange-traded funds (ETFs), and separately managed accounts.

Envestnet Asset Management Inc. was founded in 2004 and is headquartered in Chicago, Illinois. The company has over $1 trillion in assets under management as of [insert date]. Envestnet Asset Management Inc. provides investment advisory services to clients through its various subsidiaries, including TIAA-CREF Asset Management, Evergreen Investments, and BlackRock Advisors.

The purchase of APA Co.'s NASDAQAPA shares by Envestnet Asset Management Inc. is expected to provide the company with additional assets under management and revenue streams. The transaction is subject to regulatory approval and other customary closing conditions.