Independent Financial Group LLC Invests $3.15 Million in Counterpoint Quantitative Equity ETF $CPAI

Independent Financial Group LLC purchased a new position in shares of Counterpoint Quantitative Equity ETF (NYSEARCA:CPAI) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 75,474 shares of the company’s stock, valued at approximately $3,154,000.

Several other hedge funds also recently added to or reduced their stakes in the company. U.S. Capital Wealth Advisors LLC raised its position in Counterpoint Quantitative Equity ETF by 124.2% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 209,707 shares of the company’s stock worth $8,409,000 after purchasing an additional 116,151 shares during the period. Counterpoint Mutual Funds LLC boosted its position 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 valued at $64,758,000 after buying an additional 78,500 shares during the period. Outlook Wealth Advisors LLC purchased a new position in shares of Counterpoint Quantitative Equity ETF during the fourth quarter valued at approximately $804,000. Kestra Advisory Services LLC bought a new position in shares of Counterpoint Quantitative Equity ETF during the fourth quarter valued at approximately $31,000. Finally, Fifth Third Bancorp bought a new position in shares of Counterpoint Quantitative Equity ETF during the first quarter valued at approximately $72,000.

Counterpoint Quantitative Equity ETF Stock Performance

Shares of NYSEARCA CPAI opened at $50.02 on Friday. Counterpoint Quantitative Equity ETF has a fifty-two week low of $35.06 and a fifty-two week high of $52.30. The company has a market cap of $366.65 million, a price-to-earnings ratio of -59,976.02 and a beta of 1.17. The business’s 50 day moving average price is $50.09 and its 200-day moving average price is $45.86.

Counterpoint Quantitative Equity ETF 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.