Shiller CAPE U.S. Equities ETF (NYSEARCA:CAPE) Stock Price Up 0.5% – Should You Buy?

Shiller CAPE U.S. Equities ETF (NYSEARCA:CAPE) shares shot up 0.5% during mid-day trading on Monday . The company traded as high as $32.60 and last traded at $32.57. 20,707 shares were traded during trading, a decline of 45% from the average session volume of 37,477 shares. The stock had previously closed at $32.40.

Shiller CAPE U.S. Equities ETF Price Performance

The firm has a market capitalization of $332.21 million, a price-to-earnings ratio of -22.46 and a beta of 1.05. The business has a 50 day moving average of $31.97 and a 200 day moving average of $31.96.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in CAPE. Armor Investment Advisors LLC boosted its position in shares of Shiller CAPE U.S. Equities ETF by 1,227.6% during the 3rd quarter. Armor Investment Advisors LLC now owns 225,976 shares of the company’s stock valued at $7,362,000 after acquiring an additional 208,954 shares in the last quarter. Foundations Investment Advisors LLC lifted its stake in Shiller CAPE U.S. Equities ETF by 45.8% during the third quarter. Foundations Investment Advisors LLC now owns 514,499 shares of the company’s stock worth $16,762,000 after purchasing an additional 161,575 shares during the period. Waddell & Associates LLC boosted its holdings in Shiller CAPE U.S. Equities ETF by 3.3% during the third quarter. Waddell & Associates LLC now owns 2,054,398 shares of the company’s stock valued at $66,932,000 after purchasing an additional 65,712 shares in the last quarter. Straightline Group LLC grew its stake in shares of Shiller CAPE U.S. Equities ETF by 4.4% in the 3rd quarter. Straightline Group LLC now owns 1,013,563 shares of the company’s stock valued at $32,829,000 after purchasing an additional 42,959 shares during the period. Finally, UBS Group AG grew its stake in shares of Shiller CAPE U.S. Equities ETF by 8.8% in the 3rd quarter. UBS Group AG now owns 363,525 shares of the company’s stock valued at $11,844,000 after purchasing an additional 29,395 shares during the period. 25.05% of the stock is owned by institutional investors.

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.