Shiller CAPE U.S. Equities ETF (NYSEARCA:CAPE) Shares Down 0.1% – Should You Sell?

Shiller CAPE U.S. Equities ETF (NYSEARCA:CAPE) shares dropped 0.1% during trading on Monday . The stock traded as low as $29.95 and last traded at $29.96. Approximately 50,019 shares changed hands during mid-day trading, an increase of 5% from the average daily volume of 47,673 shares. The stock had previously closed at $29.99.

Shiller CAPE U.S. Equities ETF Trading Down 0.1 %

The business has a 50-day moving average of $30.88 and a 200 day moving average of $29.48. The firm has a market capitalization of $418.24 million, a P/E ratio of 25.30 and a beta of 0.93.

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

Several hedge funds and other institutional investors have recently modified their holdings of the company. Bank of Montreal Can boosted its stake in Shiller CAPE U.S. Equities ETF by 4.7% during the 2nd quarter. Bank of Montreal Can now owns 95,011 shares of the company’s stock valued at $2,641,000 after purchasing an additional 4,226 shares during the last quarter. Avaii Wealth Management LLC lifted its holdings in shares of Shiller CAPE U.S. Equities ETF by 2.9% in the third quarter. Avaii Wealth Management LLC now owns 24,056 shares of the company’s stock valued at $712,000 after purchasing an additional 683 shares in the last quarter. Armor Investment Advisors LLC boosted its position in shares of Shiller CAPE U.S. Equities ETF by 18.9% during the third quarter. Armor Investment Advisors LLC now owns 15,008 shares of the company’s stock valued at $444,000 after buying an additional 2,385 shares during the last quarter. Foundations Investment Advisors LLC grew its holdings in Shiller CAPE U.S. Equities ETF by 172.2% during the third quarter. Foundations Investment Advisors LLC now owns 140,309 shares of the company’s stock worth $4,152,000 after buying an additional 88,755 shares in the last quarter. Finally, OLD National Bancorp IN purchased a new stake in Shiller CAPE U.S. Equities ETF in the 3rd quarter valued at $621,000.

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.