HighTower Advisors LLC Lowers Holdings in Cambria Shareholder Yield ETF $SYLD

HighTower Advisors LLC reduced its position in Cambria Shareholder Yield ETF (BATS:SYLD) by 7.9% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 180,424 shares of the company’s stock after selling 15,575 shares during the quarter. HighTower Advisors LLC owned about 1.26% of Cambria Shareholder Yield ETF worth $12,390,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in SYLD. Van Hulzen Asset Management LLC boosted its holdings in shares of Cambria Shareholder Yield ETF by 5.2% in the second quarter. Van Hulzen Asset Management LLC now owns 5,720 shares of the company’s stock valued at $372,000 after acquiring an additional 282 shares in the last quarter. Root Financial Partners LLC purchased a new stake in Cambria Shareholder Yield ETF in the 3rd quarter valued at approximately $30,000. Pure Portfolios Holdings LLC boosted its holdings in Cambria Shareholder Yield ETF by 1.4% in the 3rd quarter. Pure Portfolios Holdings LLC now owns 31,676 shares of the company’s stock valued at $2,175,000 after purchasing an additional 439 shares in the last quarter. Meridian Wealth Management LLC increased its position in Cambria Shareholder Yield ETF by 3.1% during the 2nd quarter. Meridian Wealth Management LLC now owns 14,860 shares of the company’s stock worth $966,000 after purchasing an additional 443 shares during the period. Finally, J.W. Cole Advisors Inc. raised its stake in shares of Cambria Shareholder Yield ETF by 3.4% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 21,573 shares of the company’s stock worth $1,481,000 after buying an additional 708 shares in the last quarter.

Cambria Shareholder Yield ETF Price Performance

SYLD opened at $77.57 on Friday. Cambria Shareholder Yield ETF has a 12 month low of $54.75 and a 12 month high of $78.95. The stock has a market capitalization of $1.11 billion, a P/E ratio of 11.01 and a beta of 1.04. The business has a 50 day simple moving average of $73.46 and a 200-day simple moving average of $70.14.

Cambria Shareholder Yield ETF Cuts Dividend

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

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.