Shiller CAPE U.S. Equities ETF (NYSEARCA:CAPE) Shares Up 0.8% – Still a Buy?

Shares of Shiller CAPE U.S. Equities ETF (NYSEARCA:CAPE) shot up 0.8% during trading on Friday . The company traded as high as $33.43 and last traded at $33.39. 8,172 shares changed hands during trading, a decline of 80% from the average daily volume of 41,581 shares. The stock had previously closed at $33.11.

Shiller CAPE U.S. Equities ETF Price Performance

The firm’s 50-day simple moving average is $32.55 and its two-hundred day simple moving average is $32.37. The company has a market capitalization of $245.75 million, a price-to-earnings ratio of -23.03 and a beta of 0.97.

Institutional Investors Weigh In On Shiller CAPE U.S. Equities ETF

Several institutional investors have recently modified their holdings of CAPE. HF Advisory Group LLC grew its holdings in shares of Shiller CAPE U.S. Equities ETF by 8.7% in the 2nd quarter. HF Advisory Group LLC now owns 149,640 shares of the company’s stock worth $4,854,000 after acquiring an additional 11,951 shares during the period. Fifth Third Bancorp acquired a new position in Shiller CAPE U.S. Equities ETF during the first quarter worth $96,000. Root Financial Partners LLC acquired a new position in Shiller CAPE U.S. Equities ETF during the first quarter worth $32,000. Main Street Financial Solutions LLC boosted its position in Shiller CAPE U.S. Equities ETF by 14.0% during the fourth quarter. Main Street Financial Solutions LLC now owns 126,347 shares of the company’s stock worth $4,073,000 after purchasing an additional 15,556 shares in the last quarter. Finally, Walled Lake Planning & Wealth Management LLC boosted its position in Shiller CAPE U.S. Equities ETF by 0.6% during the fourth quarter. Walled Lake Planning & Wealth Management LLC now owns 841,761 shares of the company’s stock worth $27,135,000 after purchasing an additional 5,140 shares in the last quarter. Hedge funds and other institutional investors own 25.05% of the company’s stock.

Shiller CAPE U.S. Equities ETF Company Profile

The Barclays ETN+ Shiller Capet ETN (CAPE) is an exchange-traded fund that is based on the Shiller Barclays CAPE US Sector index. The fund is an actively managed, non-transparent ETF that aims to outperform the S&P 500 Index by investing in US stocks of any size from the most undervalued sectors based on the CAPE ratio and momentum factors. The fund utilizes the Precidian non-transparent model. CAPE was launched on Mar 31, 2022 and is managed by DoubleLine.