NewEdge Advisors LLC raised its stake in shares of Counterpoint Quantitative Equity ETF (NYSE:CPAI – Free Report) by 230.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 111,269 shares of the company’s stock after acquiring an additional 77,610 shares during the period. NewEdge Advisors LLC owned approximately 1.40% of Counterpoint Quantitative Equity ETF worth $5,782,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. IFP Advisors Inc increased its stake in Counterpoint Quantitative Equity ETF by 228.3% during the 4th quarter. IFP Advisors Inc now owns 906 shares of the company’s stock worth $36,000 after buying an additional 630 shares during the period. Western Wealth Management LLC purchased a new position in Counterpoint Quantitative Equity ETF in the 1st quarter valued at approximately $57,000. Fifth Third Bancorp purchased a new position in Counterpoint Quantitative Equity ETF in the 1st quarter valued at approximately $72,000. PUREfi Wealth LLC acquired a new position in shares of Counterpoint Quantitative Equity ETF in the first quarter worth $209,000. Finally, Hilltop Holdings Inc. acquired a new position in shares of Counterpoint Quantitative Equity ETF in the first quarter worth $459,000.
Counterpoint Quantitative Equity ETF Stock Performance
CPAI stock opened at $51.61 on Tuesday. The company’s 50 day moving average price is $51.48 and its 200 day moving average price is $48.35. Counterpoint Quantitative Equity ETF has a fifty-two week low of $37.29 and a fifty-two week high of $53.96. The firm has a market capitalization of $411.33 million, a price-to-earnings ratio of -61,882.49 and a beta of 1.19.
Counterpoint Quantitative Equity ETF 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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