Counterpoint Quantitative Equity ETF $CPAI Stake Lifted by Sunbelt Securities Inc.

Sunbelt Securities Inc. boosted its stake in Counterpoint Quantitative Equity ETF (NYSEARCA:CPAI) by 88.0% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 25,682 shares of the company’s stock after purchasing an additional 12,022 shares during the period. Sunbelt Securities Inc.’s holdings in Counterpoint Quantitative Equity ETF were worth $1,073,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Kestra Advisory Services LLC acquired a new position in shares of Counterpoint Quantitative Equity ETF during the fourth quarter valued at $31,000. IFP Advisors Inc lifted 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 purchasing an additional 630 shares during the last quarter. Fifth Third Bancorp bought a new stake in Counterpoint Quantitative Equity ETF in the 1st quarter valued at about $72,000. PUREfi Wealth LLC bought a new stake in Counterpoint Quantitative Equity ETF in the 1st quarter valued at about $209,000. Finally, JPMorgan Chase & Co. boosted its stake in Counterpoint Quantitative Equity ETF by 4.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 6,130 shares of the company’s stock valued at $228,000 after purchasing an additional 286 shares during the period.

Counterpoint Quantitative Equity ETF Trading Up 2.9%

NYSEARCA CPAI opened at $50.86 on Friday. Counterpoint Quantitative Equity ETF has a 52 week low of $35.06 and a 52 week high of $52.30. The stock has a market cap of $384.50 million, a price-to-earnings ratio of -60,983.21 and a beta of 1.17. The company has a 50-day moving average price of $50.63 and a two-hundred day moving average price of $46.46.

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.