Cambria Shareholder Yield ETF (BATS:SYLD) Hits New 52-Week High – Should You Buy?

Cambria Shareholder Yield ETF (BATS:SYLD)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $85.71 and last traded at $85.45, with a volume of 3583 shares. The stock had previously closed at $85.28.

Cambria Shareholder Yield ETF Stock Up 0.5%

The firm has a 50-day moving average of $81.63 and a two-hundred day moving average of $78.39. The company has a market capitalization of $1.24 billion, a PE ratio of 11.01 and a beta of 1.04.

Institutional Investors Weigh In On Cambria Shareholder Yield ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Cambria Shareholder Yield ETF in the 4th quarter valued at $42,000. Advisory Services Network LLC acquired a new position in shares of Cambria Shareholder Yield ETF in the third quarter worth about $52,000. Tucker Asset Management LLC acquired a new position in shares of Cambria Shareholder Yield ETF in the fourth quarter worth about $63,000. Sunbelt Securities Inc. purchased a new stake in shares of Cambria Shareholder Yield ETF during the 3rd quarter worth about $68,000. Finally, Allworth Financial LP boosted its stake in shares of Cambria Shareholder Yield ETF by 30.8% during the 4th quarter. Allworth Financial LP now owns 1,277 shares of the company’s stock worth $89,000 after acquiring an additional 301 shares in the last quarter.

About Cambria Shareholder Yield ETF

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.