Cambria Shareholder Yield ETF (BATS:SYLD) Reaches New 12-Month High – What’s Next?

Cambria Shareholder Yield ETF (BATS:SYLD)’s stock price hit a new 52-week high on Wednesday . The stock traded as high as $85.57 and last traded at $85.22, with a volume of 3062 shares changing hands. The stock had previously closed at $85.13.

Cambria Shareholder Yield ETF Price Performance

The stock’s 50-day simple moving average is $80.58 and its two-hundred day simple moving average is $77.77. The firm has a market capitalization of $1.22 billion, a P/E ratio of 11.01 and a beta of 1.04.

Institutional Investors Weigh In On Cambria Shareholder Yield ETF

A number of institutional investors and hedge funds have recently bought and sold shares of SYLD. Sound Income Strategies LLC boosted 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 acquiring an additional 335 shares during the period. Kohmann Bosshard Financial Services LLC purchased a new position in Cambria Shareholder Yield ETF in the 4th quarter worth approximately $42,000. Advisory Services Network LLC bought a new position in Cambria Shareholder Yield ETF in the 3rd quarter worth approximately $52,000. Tucker Asset Management LLC bought a new position in Cambria Shareholder Yield ETF in the 4th quarter worth approximately $63,000. Finally, Sunbelt Securities Inc. purchased a new stake in Cambria Shareholder Yield ETF during the 3rd quarter valued at approximately $68,000.

Cambria Shareholder Yield ETF Company Profile

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.