Mid American Wealth Advisory Group Inc. Raises Holdings in Cambria Tail Risk ETF (BATS:TAIL)

Mid American Wealth Advisory Group Inc. raised its holdings in Cambria Tail Risk ETF (BATS:TAIL) by 8.1% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 369,138 shares of the company’s stock after buying an additional 27,636 shares during the quarter. Cambria Tail Risk ETF accounts for about 3.2% of Mid American Wealth Advisory Group Inc.’s investment portfolio, making the stock its 7th largest holding. Mid American Wealth Advisory Group Inc.’s holdings in Cambria Tail Risk ETF were worth $4,618,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. NBC Securities Inc. purchased a new position in shares of Cambria Tail Risk ETF in the 3rd quarter valued at approximately $89,000. Csenge Advisory Group grew its holdings in Cambria Tail Risk ETF by 27.3% during the third quarter. Csenge Advisory Group now owns 14,546 shares of the company’s stock valued at $188,000 after purchasing an additional 3,117 shares during the period. Advisor Resource Council bought a new stake in Cambria Tail Risk ETF during the fourth quarter valued at about $916,000. Professional Financial Advisors LLC bought a new position in shares of Cambria Tail Risk ETF in the third quarter worth about $1,046,000. Finally, Significant Wealth Partners LLC purchased a new stake in shares of Cambria Tail Risk ETF in the fourth quarter worth about $1,265,000.

Cambria Tail Risk ETF Stock Performance

Shares of BATS:TAIL traded down $0.02 during mid-day trading on Monday, reaching $11.74. The stock had a trading volume of 30,028 shares. The firm has a market cap of $81.01 million, a P/E ratio of 15.87 and a beta of -0.38. The business has a 50-day moving average of $12.10 and a 200 day moving average of $12.49.

About Cambria Tail Risk ETF

The Cambria Tail Risk ETF (TAIL) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively managed fund that holds mostly cash and treasuries while using the strategy of buying put options on the S&P 500 with the purpose of portfolio downside protection.