Merit Financial Group LLC Takes Position in North Square RCIM Tax-Advantaged Preferred and Income Securities ETF $QTPI

Merit Financial Group LLC purchased a new stake in shares of North Square RCIM Tax-Advantaged Preferred and Income Securities ETF (NYSEARCA:QTPI) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 49,994 shares of the company’s stock, valued at approximately $1,284,000. Merit Financial Group LLC owned 1.84% of North Square RCIM Tax-Advantaged Preferred and Income Securities ETF at the end of the most recent quarter.

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

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

QTPI stock opened at $25.59 on Friday. The firm has a 50 day moving average of $25.66 and a 200-day moving average of $25.68. North Square RCIM Tax-Advantaged Preferred and Income Securities ETF has a 12-month low of $24.64 and a 12-month high of $26.30.

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

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.