Royal Bank of Canada lifted its holdings in Counterpoint Quantitative Equity ETF (NYSEARCA:CPAI – Free Report) by 122.6% during the 1st quarter, Holdings Channel.com reports. The firm owned 44,196 shares of the company’s stock after buying an additional 24,338 shares during the period. Royal Bank of Canada’s holdings in Counterpoint Quantitative Equity ETF were worth $1,847,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently made changes to their positions in CPAI. Kestra Advisory Services LLC purchased a new position in shares of Counterpoint Quantitative Equity ETF in the fourth quarter worth approximately $31,000. IFP Advisors Inc increased its holdings in Counterpoint Quantitative Equity ETF by 228.3% during the fourth quarter. IFP Advisors Inc now owns 906 shares of the company’s stock valued at $36,000 after buying an additional 630 shares during the last quarter. Fifth Third Bancorp bought a new position in Counterpoint Quantitative Equity ETF in the first quarter worth approximately $72,000. PUREfi Wealth LLC bought a new position in Counterpoint Quantitative Equity ETF in the first quarter worth approximately $209,000. Finally, JPMorgan Chase & Co. boosted its stake in shares of Counterpoint Quantitative Equity ETF by 4.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 6,130 shares of the company’s stock worth $228,000 after acquiring an additional 286 shares during the last quarter.
Counterpoint Quantitative Equity ETF Price Performance
Shares of CPAI stock opened at $53.00 on Wednesday. Counterpoint Quantitative Equity ETF has a 1 year low of $35.97 and a 1 year high of $53.96. The firm has a fifty day moving average price of $51.03 and a 200-day moving average price of $47.16. The company has a market cap of $422.41 million, a price-to-earnings ratio of -63,549.16 and a beta of 1.19.
Counterpoint Quantitative Equity ETF Company Profile
The Counterpoint Quantitative Equity ETF (CPAI) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed, seeking long-term capital appreciation through a quantitative, model-based approach to select US stocks of any market capitalization. CPAI was launched on Nov 28, 2023 and is issued by Counterpoint.
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Want to see what other hedge funds are holding CPAI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Counterpoint Quantitative Equity ETF (NYSEARCA:CPAI – Free Report).
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