Shiller CAPE U.S. Equities ETF (NYSEARCA:CAPE) Trading 0.2% Higher – Still a Buy?

Shiller CAPE U.S. Equities ETF (NYSEARCA:CAPE)’s stock price shot up 0.2% on Friday . The company traded as high as $33.26 and last traded at $33.16. Approximately 13,599 shares changed hands during trading, a decline of 67% from the average session volume of 41,379 shares. The stock had previously closed at $33.09.

Shiller CAPE U.S. Equities ETF Stock Up 0.2%

The company’s 50-day moving average price is $32.87 and its 200-day moving average price is $32.41. The firm has a market cap of $244.06 million, a price-to-earnings ratio of -22.87 and a beta of 0.97.

Hedge Funds Weigh In On Shiller CAPE U.S. Equities ETF

Hedge funds have recently made changes to their positions in the company. Foundations Investment Advisors LLC lifted its position in shares of Shiller CAPE U.S. Equities ETF by 11.2% in the fourth quarter. Foundations Investment Advisors LLC now owns 571,950 shares of the company’s stock valued at $18,437,000 after acquiring an additional 57,451 shares in the last quarter. Waddell & Associates LLC increased its position in shares of Shiller CAPE U.S. Equities ETF by 2.1% during the fourth quarter. Waddell & Associates LLC now owns 2,097,338 shares of the company’s stock worth $67,610,000 after purchasing an additional 42,940 shares in the last quarter. UBS Group AG increased its position in shares of Shiller CAPE U.S. Equities ETF by 8.8% during the third quarter. UBS Group AG now owns 363,525 shares of the company’s stock worth $11,844,000 after purchasing an additional 29,395 shares in the last quarter. Bank of Montreal Can raised its stake in Shiller CAPE U.S. Equities ETF by 17.5% in the 4th quarter. Bank of Montreal Can now owns 119,400 shares of the company’s stock valued at $3,849,000 after purchasing an additional 17,775 shares during the last quarter. Finally, Main Street Financial Solutions LLC raised its stake in Shiller CAPE U.S. Equities ETF by 14.0% in the 4th quarter. Main Street Financial Solutions LLC now owns 126,347 shares of the company’s stock valued at $4,073,000 after purchasing an additional 15,556 shares during the last quarter. Institutional investors and hedge funds 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.