Cambria Global Value ETF $GVAL is Cambria Investment Management L.P.’s 4th Largest Position

Cambria Investment Management L.P. increased its holdings in shares of Cambria Global Value ETF (BATS:GVAL) by 29.0% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 911,325 shares of the company’s stock after purchasing an additional 204,634 shares during the quarter. Cambria Global Value ETF comprises about 1.5% of Cambria Investment Management L.P.’s investment portfolio, making the stock its 4th biggest holding. Cambria Investment Management L.P. owned 0.11% of Cambria Global Value ETF worth $25,385,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in GVAL. Geneos Wealth Management Inc. purchased a new stake in Cambria Global Value ETF in the 2nd quarter valued at about $26,000. Beacon Capital Management Inc. purchased a new position in shares of Cambria Global Value ETF during the 2nd quarter worth about $51,000. Private Trust Co. NA boosted its position in shares of Cambria Global Value ETF by 8.9% in the third quarter. Private Trust Co. NA now owns 6,206 shares of the company’s stock worth $181,000 after acquiring an additional 508 shares during the last quarter. Stone House Investment Management LLC purchased a new stake in Cambria Global Value ETF in the second quarter valued at approximately $221,000. Finally, Vanguard Capital Wealth Advisors purchased a new stake in Cambria Global Value ETF in the third quarter valued at approximately $262,000.

Cambria Global Value ETF Stock Performance

Shares of GVAL stock opened at $33.72 on Thursday. The firm has a market capitalization of $289.99 million, a price-to-earnings ratio of 10.49 and a beta of 0.76. Cambria Global Value ETF has a one year low of $21.92 and a one year high of $36.18. The company has a 50 day moving average price of $34.10 and a 200 day moving average price of $31.35.

Cambria Global Value ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Thursday, December 18th were issued a dividend of $0.2535 per share. This represents a $1.01 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date was Thursday, December 18th. This is a positive change from Cambria Global Value ETF’s previous quarterly dividend of $0.21.

About Cambria Global Value ETF

The Cambria Global Value ETF (GVAL) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed to select the top 25% of countries from a list of 45 developed and emerging economies, then selects approximately 100 securities from those countries. GVAL was launched on Mar 12, 2014 and is managed by Cambria.