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

Cambria Shareholder Yield ETF (BATS:SYLD)’s share price hit a new 52-week high on Wednesday . The stock traded as high as $86.83 and last traded at $86.75, with a volume of 3118 shares traded. The stock had previously closed at $85.76.

Cambria Shareholder Yield ETF Price Performance

The company has a market cap of $1.25 billion, a price-to-earnings ratio of 11.01 and a beta of 1.04. The firm has a 50 day simple moving average of $81.90 and a 200-day simple moving average of $78.60.

Institutional Trading of Cambria Shareholder Yield ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Kohmann Bosshard Financial Services LLC purchased a new position in Cambria Shareholder Yield ETF during the fourth quarter worth about $42,000. Advisory Services Network LLC purchased a new stake in shares of Cambria Shareholder Yield ETF in the 3rd quarter valued at approximately $52,000. Tucker Asset Management LLC purchased a new stake in shares of Cambria Shareholder Yield ETF in the 4th quarter valued at approximately $63,000. Sunbelt Securities Inc. acquired a new position in shares of Cambria Shareholder Yield ETF in the 3rd quarter worth approximately $68,000. Finally, Allworth Financial LP lifted its holdings in shares of Cambria Shareholder Yield ETF by 30.8% in the 4th quarter. Allworth Financial LP now owns 1,277 shares of the company’s stock worth $89,000 after acquiring an additional 301 shares during the last quarter.

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.