Concurrent Investment Advisors LLC Makes New Investment in Counterpoint Quantitative Equity ETF $CPAI

Concurrent Investment Advisors LLC bought a new position in shares of Counterpoint Quantitative Equity ETF (NYSEARCA:CPAI) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 45,709 shares of the company’s stock, valued at approximately $1,700,000. Concurrent Investment Advisors LLC owned 1.71% of Counterpoint Quantitative Equity ETF at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of CPAI. Envestnet Asset Management Inc. bought a new position in shares of Counterpoint Quantitative Equity ETF during the first quarter valued at $442,000. U.S. Capital Wealth Advisors LLC bought a new position in shares of Counterpoint Quantitative Equity ETF during the first quarter valued at $781,000. Avantax Advisory Services Inc. lifted its holdings in Counterpoint Quantitative Equity ETF by 277.1% during the 1st quarter. Avantax Advisory Services Inc. now owns 44,334 shares of the company’s stock valued at $1,485,000 after purchasing an additional 32,577 shares during the last quarter. Finally, Counterpoint Mutual Funds LLC bought a new position in Counterpoint Quantitative Equity ETF during the 2nd quarter valued at about $46,070,000.

Counterpoint Quantitative Equity ETF Stock Up 1.4%

Shares of CPAI stock opened at $39.23 on Wednesday. Counterpoint Quantitative Equity ETF has a 12-month low of $28.48 and a 12-month high of $39.97. The company has a market capitalization of $114.94 million, a P/E ratio of -47,038.37 and a beta of 0.83. The firm has a 50-day moving average price of $37.84 and a 200 day moving average price of $35.61.

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.