Laurel Wealth Advisors LLC Sells 1,716,578 Shares of Cambria Shareholder Yield ETF $SYLD

Laurel Wealth Advisors LLC lowered its stake in shares of Cambria Shareholder Yield ETF (BATS:SYLD) by 98.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 28,307 shares of the company’s stock after selling 1,716,578 shares during the period. Laurel Wealth Advisors LLC’s holdings in Cambria Shareholder Yield ETF were worth $1,944,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in SYLD. Raymond James Financial Inc. grew its stake in shares of Cambria Shareholder Yield ETF by 5.1% in the second quarter. Raymond James Financial Inc. now owns 509,081 shares of the company’s stock valued at $33,106,000 after buying an additional 24,905 shares in the last quarter. Revolve Wealth Partners LLC grew its position in shares of Cambria Shareholder Yield ETF by 4.3% in the 3rd quarter. Revolve Wealth Partners LLC now owns 381,901 shares of the company’s stock valued at $26,221,000 after acquiring an additional 15,829 shares during the period. VestGen Advisors LLC increased its stake in shares of Cambria Shareholder Yield ETF by 69.1% during the 2nd quarter. VestGen Advisors LLC now owns 311,389 shares of the company’s stock worth $20,250,000 after purchasing an additional 127,237 shares during the last quarter. Compound Planning Inc. increased its stake in shares of Cambria Shareholder Yield ETF by 11.5% during the 3rd quarter. Compound Planning Inc. now owns 263,984 shares of the company’s stock worth $18,125,000 after purchasing an additional 27,274 shares during the last quarter. Finally, 360 Financial Inc. raised its holdings in shares of Cambria Shareholder Yield ETF by 5.3% in the 2nd quarter. 360 Financial Inc. now owns 246,693 shares of the company’s stock valued at $16,042,000 after purchasing an additional 12,491 shares during the period.

Cambria Shareholder Yield ETF Stock Performance

Shares of BATS:SYLD opened at $76.12 on Monday. Cambria Shareholder Yield ETF has a 52-week low of $54.75 and a 52-week high of $78.95. The company has a market capitalization of $1.09 billion, a P/E ratio of 11.01 and a beta of 1.04. The company has a 50-day simple moving average of $74.02 and a 200 day simple moving average of $70.58.

Cambria Shareholder Yield ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Thursday, December 18th were paid a dividend of $0.1984 per share. This represents a $0.79 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Thursday, December 18th.

Cambria Shareholder Yield ETF 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.