Cornerstone Financial Management LLC Takes $2.05 Million Position in Timothy Plan US Large/Mid Cap Core ETF $TPLC

Cornerstone Financial Management LLC purchased a new stake in shares of Timothy Plan US Large/Mid Cap Core ETF (NYSEARCA:TPLC) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 45,097 shares of the company’s stock, valued at approximately $2,050,000. Timothy Plan US Large/Mid Cap Core ETF comprises about 1.9% of Cornerstone Financial Management LLC’s holdings, making the stock its 12th largest holding. Cornerstone Financial Management LLC owned 0.63% of Timothy Plan US Large/Mid Cap Core ETF at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Arax Advisory Partners purchased a new position in shares of Timothy Plan US Large/Mid Cap Core ETF during the 4th quarter valued at $42,000. Arkos Global Advisors purchased a new position in shares of Timothy Plan US Large/Mid Cap Core ETF during the 4th quarter valued at $211,000. Commonwealth Equity Services LLC lifted its position in shares of Timothy Plan US Large/Mid Cap Core ETF by 8.0% during the 4th quarter. Commonwealth Equity Services LLC now owns 13,568 shares of the company’s stock valued at $617,000 after buying an additional 1,004 shares during the last quarter. Forge Financial Services LLC purchased a new position in shares of Timothy Plan US Large/Mid Cap Core ETF during the 4th quarter valued at $204,000. Finally, Smithbridge Asset Management Inc. DE purchased a new position in shares of Timothy Plan US Large/Mid Cap Core ETF during the 4th quarter valued at $320,000.

Timothy Plan US Large/Mid Cap Core ETF Stock Performance

Shares of TPLC opened at $49.73 on Friday. The stock’s 50-day simple moving average is $48.48 and its 200 day simple moving average is $47.50. The stock has a market capitalization of $365.02 million, a price-to-earnings ratio of 22.76 and a beta of 0.93. Timothy Plan US Large/Mid Cap Core ETF has a 52-week low of $43.69 and a 52-week high of $49.79.

Timothy Plan US Large/Mid Cap Core ETF Profile

The Timothy Plan US Large\u002FMid Cap Core ETF (TPLC) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks a volatility-weighted index of US large-cap stocks screened for Christian values. TPLC was launched on Apr 29, 2019 and is managed by Timothy.