Cambria Shareholder Yield ETF (BATS:SYLD) Reaches New 12-Month High – Time to Buy?

Shares of Cambria Shareholder Yield ETF (BATS:SYLD) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $79.20 and last traded at $79.20, with a volume of 9535 shares changing hands. The stock had previously closed at $78.59.

Cambria Shareholder Yield ETF Stock Up 0.1%

The company has a market cap of $1.13 billion, a price-to-earnings ratio of 11.01 and a beta of 1.04. The firm has a 50-day simple moving average of $75.90 and a 200 day simple moving average of $72.31.

Hedge Funds Weigh In On Cambria Shareholder Yield ETF

Several institutional investors have recently added to or reduced their stakes in the business. CoreFirst Bank & Trust increased its position in Cambria Shareholder Yield ETF by 11,814.3% during the 3rd quarter. CoreFirst Bank & Trust now owns 8,340 shares of the company’s stock worth $573,000 after purchasing an additional 8,270 shares in the last quarter. Compound Planning Inc. raised its holdings in Cambria Shareholder Yield ETF by 11.5% in the third quarter. Compound Planning Inc. now owns 263,984 shares of the company’s stock valued at $18,125,000 after buying an additional 27,274 shares during the period. Arkadios Wealth Advisors raised its holdings in Cambria Shareholder Yield ETF by 8.2% in the third quarter. Arkadios Wealth Advisors now owns 122,153 shares of the company’s stock valued at $8,387,000 after buying an additional 9,253 shares during the period. Belpointe Asset Management LLC grew its stake in Cambria Shareholder Yield ETF by 49.7% during the third quarter. Belpointe Asset Management LLC now owns 26,298 shares of the company’s stock worth $1,806,000 after buying an additional 8,729 shares during the period. Finally, Sherman Wealth Management LLC purchased a new stake in Cambria Shareholder Yield ETF during the fourth quarter worth approximately $1,439,000.

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.