Merit Financial Group LLC Makes New $1.28 Million Investment in North Square RCIM Tax-Advantaged Preferred and Income Securities ETF $QTPI

Merit Financial Group LLC bought a new position in North Square RCIM Tax-Advantaged Preferred and Income Securities ETF (NYSEARCA:QTPI – Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 49,994 shares of the company’s stock, valued at approximately $1,284,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Jane Street Group LLC purchased a new stake in North Square RCIM Tax-Advantaged Preferred and Income Securities ETF in the 1st quarter worth approximately $345,000. Red Cedar Investment Management LLC grew its stake in North Square RCIM Tax-Advantaged Preferred and Income Securities ETF by 63.6% in the 3rd quarter. Red Cedar Investment Management LLC now owns 327,100 shares of the company’s stock worth $8,372,000 after acquiring an additional 127,100 shares during the period. Finally, SMI Advisory Services LLC purchased a new stake in North Square RCIM Tax-Advantaged Preferred and Income Securities ETF in the 4th quarter worth approximately $20,852,000.

North Square RCIM Tax-Advantaged Preferred and Income Securities ETF Stock Down 0.7%

QTPI stock opened at $25.59 on Friday. North Square RCIM Tax-Advantaged Preferred and Income Securities ETF has a one year low of $24.64 and a one year high of $26.30. The company has a 50 day moving average price of $25.66 and a two-hundred day moving average price of $25.68.

North Square RCIM Tax-Advantaged Preferred and Income Securities ETF Profile

(Free Report)

The North Square RCIM Tax-Advantaged Preferred and Income Securities ETF (QTPI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed, seeking to provide high current income and long-term capital appreciation with a focus on tax-advantaged qualified dividend income. The portfolio holds preferred securities, REITs, and other income focused securities. QTPI was launched on Dec 19, 2024 and is issued by North Square.

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