HighTower Advisors LLC Buys Shares of 1,045,832 Cambria Tail Risk ETF $TAIL

HighTower Advisors LLC purchased a new position in shares of Cambria Tail Risk ETF (BATS:TAIL) in the 4th quarter, Holdings Channel reports. The firm purchased 1,045,832 shares of the company’s stock, valued at approximately $12,017,000. HighTower Advisors LLC owned about 0.13% of Cambria Tail Risk ETF at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TAIL. JPMorgan Chase & Co. bought a new position in Cambria Tail Risk ETF in the second quarter valued at $336,000. StoneX Group Inc. bought a new stake in Cambria Tail Risk ETF during the 2nd quarter worth about $144,000. Jane Street Group LLC acquired a new position in shares of Cambria Tail Risk ETF during the 2nd quarter worth about $783,000. Tidal Investments LLC grew its holdings in shares of Cambria Tail Risk ETF by 288.6% in the 2nd quarter. Tidal Investments LLC now owns 79,936 shares of the company’s stock valued at $958,000 after acquiring an additional 59,368 shares in the last quarter. Finally, Osaic Holdings Inc. grew its holdings in shares of Cambria Tail Risk ETF by 864.1% in the 2nd quarter. Osaic Holdings Inc. now owns 7,173 shares of the company’s stock valued at $86,000 after acquiring an additional 6,429 shares in the last quarter.

Cambria Tail Risk ETF Stock Performance

BATS:TAIL opened at $10.69 on Monday. Cambria Tail Risk ETF has a 52-week low of $10.66 and a 52-week high of $12.35. The company has a market cap of $88.73 million, a P/E ratio of 23.34 and a beta of -0.31. The stock’s 50-day simple moving average is $11.26 and its 200 day simple moving average is $11.51.

Cambria Tail Risk ETF Profile

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. TAIL was launched on Apr 6, 2017 and is managed by Cambria.