Shiller CAPE U.S. Equities ETF (NYSEARCA:CAPE) Shares Up 0.7% – Time to Buy?

Shiller CAPE U.S. Equities ETF (NYSEARCA:CAPE)’s share price traded up 0.7% on Thursday. The stock traded as high as $31.42 and last traded at $31.39. Approximately 11,982 shares changed hands during mid-day trading, a decline of 71% from the average daily volume of 41,762 shares. The stock had previously closed at $31.17.

Shiller CAPE U.S. Equities ETF Price Performance

The firm has a market capitalization of $217.22 million, a price-to-earnings ratio of -21.65 and a beta of 0.97. The stock has a fifty day moving average of $32.39 and a two-hundred day moving average of $32.26.

Hedge Funds Weigh In On Shiller CAPE U.S. Equities ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in CAPE. Root Financial Partners LLC bought a new stake in Shiller CAPE U.S. Equities ETF in the first quarter valued at approximately $32,000. Fifth Third Bancorp bought a new position in Shiller CAPE U.S. Equities ETF during the 1st quarter worth approximately $96,000. Main Street Financial Solutions LLC lifted its position in shares of Shiller CAPE U.S. Equities ETF by 14.0% in the 4th quarter. Main Street Financial Solutions LLC now owns 126,347 shares of the company’s stock worth $4,073,000 after purchasing an additional 15,556 shares during the period. Finally, HF Advisory Group LLC lifted its position in shares of Shiller CAPE U.S. Equities ETF by 8.1% in the 1st quarter. HF Advisory Group LLC now owns 137,689 shares of the company’s stock worth $4,248,000 after purchasing an additional 10,336 shares during the period. 25.05% of the stock is owned by institutional investors and hedge funds.

Shiller CAPE U.S. Equities ETF Company Profile

The Barclays ETN+ Shiller Capet ETN (CAPE) is an exchange-traded fund that is based on the Shiller Barclays CAPE US Sector index. The fund is an actively managed, non-transparent ETF that aims to outperform the S&P 500 Index by investing in US stocks of any size from the most undervalued sectors based on the CAPE ratio and momentum factors. The fund utilizes the Precidian non-transparent model. CAPE was launched on Mar 31, 2022 and is managed by DoubleLine.