Counterpoint Mutual Funds LLC Purchases 78,500 Shares of Counterpoint Quantitative Equity ETF $CPAI

Counterpoint Mutual Funds LLC grew its position in Counterpoint Quantitative Equity ETF (NYSEARCA:CPAI) by 5.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,549,616 shares of the company’s stock after buying an additional 78,500 shares during the period. Counterpoint Quantitative Equity ETF accounts for approximately 9.7% of Counterpoint Mutual Funds LLC’s investment portfolio, making the stock its 2nd largest position. Counterpoint Mutual Funds LLC owned 27.77% of Counterpoint Quantitative Equity ETF worth $64,758,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in CPAI. U.S. Capital Wealth Advisors LLC lifted its holdings in Counterpoint Quantitative Equity ETF by 124.2% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 209,707 shares of the company’s stock valued at $8,409,000 after acquiring an additional 116,151 shares during the last quarter. Outlook Wealth Advisors LLC purchased a new position in Counterpoint Quantitative Equity ETF in the fourth quarter worth approximately $804,000. IFP Advisors Inc increased its stake in Counterpoint Quantitative Equity ETF by 228.3% during the fourth quarter. IFP Advisors Inc now owns 906 shares of the company’s stock worth $36,000 after acquiring an additional 630 shares during the last quarter. Inscription Capital LLC increased its stake in Counterpoint Quantitative Equity ETF by 18.6% during the fourth quarter. Inscription Capital LLC now owns 37,542 shares of the company’s stock worth $1,505,000 after acquiring an additional 5,892 shares during the last quarter. Finally, Concurrent Investment Advisors LLC increased its stake in Counterpoint Quantitative Equity ETF by 8.8% during the fourth quarter. Concurrent Investment Advisors LLC now owns 79,268 shares of the company’s stock worth $3,179,000 after acquiring an additional 6,424 shares during the last quarter.

Counterpoint Quantitative Equity ETF Price Performance

NYSEARCA:CPAI opened at $51.01 on Friday. Counterpoint Quantitative Equity ETF has a 52 week low of $35.06 and a 52 week high of $52.30. The stock’s fifty day moving average is $49.27 and its two-hundred day moving average is $45.12. The company has a market capitalization of $362.17 million, a P/E ratio of -61,163.07 and a beta of 1.17.

About Counterpoint Quantitative Equity ETF

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.