Cambria Value and Momentum ETF (BATS:VAMO) Shares Up 9.7% – What’s Next?

Cambria Value and Momentum ETF (BATS:VAMO) shares were up 9.7% during mid-day trading on Tuesday . The company traded as high as $30.60 and last traded at $33.4350. Approximately 3,594 shares traded hands during trading, an increase of 11% from the average daily volume of 3,235 shares. The stock had previously closed at $30.4868.

Cambria Value and Momentum ETF Price Performance

The business has a 50 day simple moving average of $33.09 and a 200 day simple moving average of $31.58. The stock has a market cap of $60.18 million, a PE ratio of 13.51 and a beta of 0.33.

Cambria Value and Momentum ETF Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Thursday, September 18th were given a $0.0612 dividend. The ex-dividend date of this dividend was Thursday, September 18th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.7%.

Institutional Investors Weigh In On Cambria Value and Momentum ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. CIBC Private Wealth Group LLC grew its position 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 buying an additional 7,151 shares in the last quarter. CIBC Bancorp USA Inc. bought a new stake in Cambria Value and Momentum ETF in the third quarter valued at $364,000. Cambria Investment Management L.P. increased its position in shares of Cambria Value and Momentum ETF by 41.2% during the 3rd quarter. Cambria Investment Management L.P. now owns 625,547 shares of the company’s stock worth $19,713,000 after purchasing an additional 182,494 shares in the last quarter. Bravias Capital Group LLC increased its holdings in shares of Cambria Value and Momentum ETF by 13.3% during the third quarter. Bravias Capital Group LLC now owns 131,953 shares of the company’s stock worth $4,406,000 after buying an additional 15,448 shares in the last quarter. Finally, LPL Financial LLC increased its holdings in Cambria Value and Momentum ETF by 3.3% during the 1st quarter. LPL Financial LLC now owns 88,018 shares of the company’s stock valued at $2,566,000 after purchasing an additional 2,794 shares in the last quarter.

About Cambria Value and Momentum ETF

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.