Cambria Value and Momentum ETF (BATS:VAMO) Trading 13% Higher – Still a Buy?

Cambria Value and Momentum ETF (BATS:VAMO)’s stock price was up 13% on Tuesday . The company traded as high as $30.60 and last traded at $34.4550. Approximately 3,594 shares were traded during trading, an increase of 11% from the average daily volume of 3,235 shares. The stock had previously closed at $30.4868.

Cambria Value and Momentum ETF Stock Up 13.0%

The stock has a market cap of $62.02 million, a P/E ratio of 13.51 and a beta of 0.33. The business’s 50-day simple moving average is $33.30 and its two-hundred day simple moving average is $32.03.

Cambria Value and Momentum ETF Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Thursday, September 18th were given a dividend of $0.0612 per share. The ex-dividend date was Thursday, September 18th. This represents a $0.24 annualized dividend and a dividend yield of 0.7%.

Institutional Trading of Cambria Value and Momentum ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. CIBC Bancorp USA Inc. purchased a new stake in Cambria Value and Momentum ETF during the 3rd quarter worth about $364,000. CIBC Private Wealth Group LLC increased its position in shares of Cambria Value and Momentum ETF by 190.5% during the third quarter. CIBC Private Wealth Group LLC now owns 10,904 shares of the company’s stock valued at $364,000 after buying an additional 7,151 shares during the period. LPL Financial LLC lifted its holdings in shares of Cambria Value and Momentum ETF by 3.3% in the first quarter. LPL Financial LLC now owns 88,018 shares of the company’s stock worth $2,566,000 after buying an additional 2,794 shares in the last quarter. Bravias Capital Group LLC lifted its holdings in shares of Cambria Value and Momentum ETF by 13.3% in the third quarter. Bravias Capital Group LLC now owns 131,953 shares of the company’s stock worth $4,406,000 after buying an additional 15,448 shares in the last quarter. Finally, Cambria Investment Management L.P. boosted its position in shares of Cambria Value and Momentum ETF by 41.2% in the third quarter. Cambria Investment Management L.P. now owns 625,547 shares of the company’s stock valued at $19,713,000 after acquiring an additional 182,494 shares during the period.

About Cambria Value and Momentum ETF

The Cambria Value and Momentum ETF (VAMO) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively-managed portfolio of large-, mid and small-cap US stocks selected by long-term value factors and midterm momentum factors. The managers have discretion to hedge up to 100% of the portfolio.