Royal Bank of Canada Boosts Stock Holdings in Counterpoint Quantitative Equity ETF $CPAI

Royal Bank of Canada increased its position in Counterpoint Quantitative Equity ETF (NYSEARCA:CPAI) by 122.6% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 44,196 shares of the company’s stock after acquiring an additional 24,338 shares during the period. Royal Bank of Canada owned about 0.76% of Counterpoint Quantitative Equity ETF worth $1,847,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Kestra Advisory Services LLC bought a new stake in shares of Counterpoint Quantitative Equity ETF in the 4th quarter worth $31,000. IFP Advisors Inc boosted its position in shares of Counterpoint Quantitative Equity ETF by 228.3% during the fourth 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. Fifth Third Bancorp bought a new stake in Counterpoint Quantitative Equity ETF in the 1st quarter worth about $72,000. PUREfi Wealth LLC purchased a new position in Counterpoint Quantitative Equity ETF in the 1st quarter worth about $209,000. Finally, JPMorgan Chase & Co. lifted 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 acquiring an additional 286 shares during the period.

Counterpoint Quantitative Equity ETF Stock Down 1.0%

Shares of NYSEARCA CPAI opened at $53.00 on Wednesday. The firm’s 50-day moving average price is $51.03 and its 200-day moving average price is $47.16. The company has a market cap of $422.41 million, a PE ratio of -63,549.16 and a beta of 1.19. Counterpoint Quantitative Equity ETF has a 52-week low of $35.97 and a 52-week high of $53.96.

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.