Cambria Shareholder Yield ETF (BATS:SYLD) Hits New 1-Year High – What’s Next?

Cambria Shareholder Yield ETF (BATS:SYLD) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as $85.57 and last traded at $85.22, with a volume of 3062 shares. The stock had previously closed at $85.13.

Cambria Shareholder Yield ETF Stock Performance

The firm has a market capitalization of $1.21 billion, a P/E ratio of 11.01 and a beta of 1.04. The stock has a fifty day moving average price of $80.81 and a two-hundred day moving average price of $77.92.

Hedge Funds Weigh In On Cambria Shareholder Yield ETF

A number of hedge funds have recently added to or reduced their stakes in SYLD. Revolve Wealth Partners LLC raised its holdings in shares of Cambria Shareholder Yield ETF by 3.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 301,085 shares of the company’s stock worth $20,615,000 after purchasing an additional 10,023 shares during the period. Raymond James Financial Inc. boosted its holdings in shares of Cambria Shareholder Yield ETF by 5.1% in the 2nd quarter. Raymond James Financial Inc. now owns 509,081 shares of the company’s stock valued at $33,106,000 after buying an additional 24,905 shares during the period. Corient Private Wealth LLC bought a new stake in shares of Cambria Shareholder Yield ETF during the 2nd quarter valued at about $359,000. Blair William & Co. IL bought a new stake in shares of Cambria Shareholder Yield ETF during the 3rd quarter valued at about $218,000. Finally, Wealth Watch Advisors INC acquired a new stake in Cambria Shareholder Yield ETF during the third quarter worth about $96,000.

Cambria Shareholder Yield ETF Company Profile

The Cambria Shareholder Yield ETF (SYLD) is an exchange-traded fund that mostly invests in total market equity. The fund offers active exposure to US stocks with attractive cash flow characterized by dividends, shares buybacks and net debt paydown. SYLD was launched on May 14, 2013 and is managed by Cambria.