NewEdge Advisors LLC raised its stake in Counterpoint Quantitative Equity ETF (NYSE:CPAI – Free Report) by 230.6% during the 2nd quarter, HoldingsChannel reports. The firm owned 111,269 shares of the company’s stock after acquiring an additional 77,610 shares during the period. NewEdge Advisors LLC’s holdings in Counterpoint Quantitative Equity ETF were worth $5,782,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also modified their holdings of CPAI. IFP Advisors Inc grew its position in Counterpoint Quantitative Equity ETF by 228.3% in the 4th 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. Western Wealth Management LLC purchased a new position in Counterpoint Quantitative Equity ETF during the 1st quarter worth $57,000. Fifth Third Bancorp purchased a new position in Counterpoint Quantitative Equity ETF during the 1st quarter worth $72,000. PUREfi Wealth LLC acquired a new stake in shares of Counterpoint Quantitative Equity ETF in the 1st quarter worth $209,000. Finally, Hilltop Holdings Inc. acquired a new stake in shares of Counterpoint Quantitative Equity ETF in the 1st quarter worth $459,000.
Counterpoint Quantitative Equity ETF Stock Down 1.4%
Shares of Counterpoint Quantitative Equity ETF stock opened at $51.61 on Tuesday. The firm has a market cap of $411.33 million, a price-to-earnings ratio of -61,882.49 and a beta of 1.19. Counterpoint Quantitative Equity ETF has a 52-week low of $37.29 and a 52-week high of $53.96. The company’s 50-day simple moving average is $51.48 and its 200-day simple moving average is $48.35.
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 (NYSE:CPAI – Free Report).
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