Cambria Tail Risk ETF (BATS:TAIL) Shares Acquired by Professional Financial Advisors LLC

Professional Financial Advisors LLC increased its stake in Cambria Tail Risk ETF (BATS:TAIL) by 9.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 88,394 shares of the company’s stock after acquiring an additional 7,522 shares during the quarter. Professional Financial Advisors LLC’s holdings in Cambria Tail Risk ETF were worth $1,132,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. AE Wealth Management LLC grew its holdings in shares of Cambria Tail Risk ETF by 26.2% in the 3rd quarter. AE Wealth Management LLC now owns 3,079,633 shares of the company’s stock worth $39,850,000 after acquiring an additional 639,173 shares during the last quarter. Wells Fargo & Company MN raised its position in Cambria Tail Risk ETF by 2.5% during the second quarter. Wells Fargo & Company MN now owns 897,961 shares of the company’s stock valued at $12,194,000 after buying an additional 21,834 shares during the period. Mid American Wealth Advisory Group Inc. acquired a new position in Cambria Tail Risk ETF during the third quarter valued at $4,416,000. Soltis Investment Advisors LLC raised its position in Cambria Tail Risk ETF by 145.5% during the third quarter. Soltis Investment Advisors LLC now owns 334,344 shares of the company’s stock valued at $4,326,000 after buying an additional 198,129 shares during the period. Finally, Royal Bank of Canada raised its position in Cambria Tail Risk ETF by 1,721.1% during the second quarter. Royal Bank of Canada now owns 251,606 shares of the company’s stock valued at $3,416,000 after buying an additional 237,790 shares during the period.

Cambria Tail Risk ETF Stock Performance

BATS:TAIL traded down $0.01 during trading hours on Thursday, hitting $12.07. 38,036 shares of the company’s stock traded hands. The stock has a market cap of $158.12 million, a price-to-earnings ratio of 18.44 and a beta of -0.55. The stock has a fifty day moving average price of $12.32 and a two-hundred day moving average price of $12.65.

About Cambria Tail Risk ETF

The Cambria Tail Risk ETF (TAIL) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively managed fund that holds mostly cash and treasuries while using the strategy of buying put options on the S&P 500 with the purpose of portfolio downside protection.