Cambria Value and Momentum ETF (BATS:VAMO) Shares Up 0.2% – Still a Buy?

Cambria Value and Momentum ETF (BATS:VAMO) shares shot up 0.2% on Tuesday . The company traded as high as $37.54 and last traded at $36.68. Approximately 841 shares were traded during trading, a decline of 96% from the average daily volume of 23,903 shares. The stock had previously closed at $36.62.

Cambria Value and Momentum ETF Stock Performance

The business has a fifty day moving average of $36.46 and a 200-day moving average of $35.69. The firm has a market capitalization of $66.02 million, a P/E ratio of 13.51 and a beta of 0.33.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of VAMO. ALM First Financial Advisors LLC lifted its stake in shares of Cambria Value and Momentum ETF by 65.1% in the 2nd quarter. ALM First Financial Advisors LLC now owns 1,429,000 shares of the company’s stock worth $51,344,000 after acquiring an additional 563,571 shares during the period. Empowered Funds LLC increased its stake in shares of Cambria Value and Momentum ETF by 100.8% during the fourth quarter. Empowered Funds LLC now owns 367,544 shares of the company’s stock valued at $12,546,000 after acquiring an additional 184,497 shares during the period. Bravias Capital Group LLC increased its stake in shares of Cambria Value and Momentum ETF by 16.1% during the first quarter. Bravias Capital Group LLC now owns 174,706 shares of the company’s stock valued at $6,199,000 after acquiring an additional 24,228 shares during the period. CIBC Bancorp USA Inc. bought a new stake in Cambria Value and Momentum ETF during the third quarter worth approximately $364,000. Finally, CIBC Private Wealth Group LLC raised its holdings in 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 worth $364,000 after purchasing an additional 7,151 shares in the last quarter.

Cambria Value and Momentum ETF Company Profile

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. VAMO was launched on Sep 9, 2015 and is managed by Cambria.