Shiller CAPE U.S. Equities ETF (NYSEARCA:CAPE) Shares Up 0.2% – Here’s Why

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

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

The business’s 50-day simple moving average is $32.87 and its two-hundred day simple moving average 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

Several institutional investors and hedge funds have recently modified their holdings of the business. Waddell & Associates LLC grew its holdings in Shiller CAPE U.S. Equities ETF by 2.1% in the fourth quarter. Waddell & Associates LLC now owns 2,097,338 shares of the company’s stock valued at $67,610,000 after purchasing an additional 42,940 shares during the period. Straightline Group LLC raised its stake in shares of Shiller CAPE U.S. Equities ETF by 0.7% during the 4th quarter. Straightline Group LLC now owns 1,020,759 shares of the company’s stock worth $33,624,000 after buying an additional 7,196 shares during the period. Walled Lake Planning & Wealth Management LLC raised its stake in shares of Shiller CAPE U.S. Equities ETF by 0.6% during the 4th quarter. Walled Lake Planning & Wealth Management LLC now owns 841,761 shares of the company’s stock worth $27,135,000 after buying an additional 5,140 shares during the period. Foundations Investment Advisors LLC lifted its position in shares of Shiller CAPE U.S. Equities ETF by 11.2% during the 4th quarter. Foundations Investment Advisors LLC now owns 571,950 shares of the company’s stock valued at $18,437,000 after buying an additional 57,451 shares in the last quarter. Finally, UBS Group AG lifted its position in shares of Shiller CAPE U.S. Equities ETF by 1.2% during the 4th quarter. UBS Group AG now owns 367,903 shares of the company’s stock valued at $11,860,000 after buying an additional 4,378 shares in the last quarter. Hedge funds and other institutional investors own 25.05% of the company’s stock.

About Shiller CAPE U.S. Equities ETF

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.