Cambria Shareholder Yield ETF (BATS:SYLD) Reaches New 1-Year High – Time to Buy?

Cambria Shareholder Yield ETF (BATS:SYLD) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $79.88 and last traded at $79.77, with a volume of 6043 shares traded. The stock had previously closed at $78.80.

Cambria Shareholder Yield ETF Stock Performance

The stock has a market capitalization of $1.13 billion, a PE ratio of 11.01 and a beta of 1.04. The stock has a 50-day moving average price of $77.95 and a two-hundred day moving average price of $74.88.

Hedge Funds Weigh In On Cambria Shareholder Yield ETF

A number of hedge funds have recently modified their holdings of the company. Sound Income Strategies LLC increased its stake in shares of Cambria Shareholder Yield ETF by 33,500.0% in the fourth quarter. Sound Income Strategies LLC now owns 336 shares of the company’s stock worth $25,000 after purchasing an additional 335 shares in the last quarter. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Cambria Shareholder Yield ETF during the 4th quarter valued at $42,000. Advisory Services Network LLC bought a new position in Cambria Shareholder Yield ETF in the 3rd quarter worth $52,000. Tucker Asset Management LLC bought a new position in Cambria Shareholder Yield ETF in the 4th quarter worth $63,000. Finally, Allworth Financial LP purchased a new stake in Cambria Shareholder Yield ETF in the 3rd quarter worth $67,000.

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.