Cambria Value and Momentum ETF (BATS:VAMO) Shares Up 15.9% – Should You Buy?

Cambria Value and Momentum ETF (BATS:VAMO)’s stock price shot up 15.9% on Tuesday . The company traded as high as $30.60 and last traded at $35.34. 3,594 shares traded hands during trading, an increase of 11% from the average session volume of 3,235 shares. The stock had previously closed at $30.4868.

Cambria Value and Momentum ETF Stock Performance

The company’s fifty day moving average price is $34.17 and its 200 day moving average price is $32.89. The firm has a market capitalization of $63.61 million, a price-to-earnings ratio of 13.51 and a beta of 0.33.

Cambria Value and Momentum ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Thursday, December 18th were paid a $0.0491 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Thursday, December 18th.

Institutional Trading of Cambria Value and Momentum ETF

Several hedge funds have recently made changes to their positions in the stock. CIBC Bancorp USA Inc. acquired a new position in Cambria Value and Momentum ETF during the 3rd quarter valued at approximately $364,000. CIBC Private Wealth Group LLC increased its position in Cambria Value and Momentum ETF by 190.5% in the third quarter. CIBC Private Wealth Group LLC now owns 10,904 shares of the company’s stock worth $364,000 after buying an additional 7,151 shares during the period. Bravias Capital Group LLC lifted its stake in Cambria Value and Momentum ETF by 13.3% in the third quarter. Bravias Capital Group LLC now owns 131,953 shares of the company’s stock valued at $4,406,000 after buying an additional 15,448 shares during the last quarter. Finally, Cambria Investment Management L.P. lifted its stake in Cambria Value and Momentum ETF by 39.6% in the third quarter. Cambria Investment Management L.P. now owns 618,667 shares of the company’s stock valued at $20,657,000 after buying an additional 175,614 shares during the last quarter.

About Cambria Value and Momentum ETF

The Cambria Value and Momentum ETF (VAMO) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively-managed portfolio of large-, mid and small-cap US stocks selected by long-term value factors and midterm momentum factors. The managers have discretion to hedge up to 100% of the portfolio. VAMO was launched on Sep 9, 2015 and is managed by Cambria.