Hilltop Holdings Inc. Invests $459,000 in Counterpoint Quantitative Equity ETF $CPAI

Hilltop Holdings Inc. bought a new stake in Counterpoint Quantitative Equity ETF (NYSEARCA:CPAI) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 10,975 shares of the company’s stock, valued at approximately $459,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cetera Investment Advisers lifted its holdings in shares of Counterpoint Quantitative Equity ETF by 65.1% during the 1st quarter. Cetera Investment Advisers now owns 107,891 shares of the company’s stock valued at $4,509,000 after acquiring an additional 42,559 shares in the last quarter. Independent Financial Group LLC acquired a new stake in Counterpoint Quantitative Equity ETF in the 1st quarter valued at $3,154,000. Fifth Third Bancorp purchased a new position in Counterpoint Quantitative Equity ETF in the first quarter valued at about $72,000. PUREfi Wealth LLC purchased a new position in Counterpoint Quantitative Equity ETF in the first quarter valued at about $209,000. Finally, Counterpoint Mutual Funds LLC lifted its stake in shares of Counterpoint Quantitative Equity ETF by 5.3% during the first quarter. Counterpoint Mutual Funds LLC now owns 1,549,616 shares of the company’s stock worth $64,758,000 after purchasing an additional 78,500 shares in the last quarter.

Counterpoint Quantitative Equity ETF Price Performance

Shares of NYSEARCA CPAI opened at $50.01 on Tuesday. Counterpoint Quantitative Equity ETF has a 1-year low of $35.06 and a 1-year high of $52.30. The business has a 50-day moving average of $50.51 and a 200-day moving average of $46.31. The company has a market capitalization of $376.58 million, a price-to-earnings ratio of -59,964.03 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.