Waverly Advisors LLC Sells 6,888 Shares of Cambria Shareholder Yield ETF $SYLD

Waverly Advisors LLC trimmed its stake in Cambria Shareholder Yield ETF (BATS:SYLD) by 16.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,293 shares of the company’s stock after selling 6,888 shares during the period. Waverly Advisors LLC owned about 0.25% of Cambria Shareholder Yield ETF worth $2,791,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Empowered Funds LLC bought a new stake in shares of Cambria Shareholder Yield ETF during the first quarter valued at approximately $6,858,000. Ritholtz Wealth Management bought a new position in Cambria Shareholder Yield ETF in the first quarter worth approximately $3,255,000. Integrated Advisors Network LLC purchased a new position in Cambria Shareholder Yield ETF during the 4th quarter worth $2,709,000. Raymond James Financial Inc. increased its holdings in Cambria Shareholder Yield ETF by 4.9% during the 3rd quarter. Raymond James Financial Inc. now owns 534,253 shares of the company’s stock worth $36,682,000 after purchasing an additional 25,172 shares during the period. Finally, Wealth Care LLC bought a new stake in Cambria Shareholder Yield ETF during the 1st quarter valued at $1,475,000.

Cambria Shareholder Yield ETF Trading Up 0.8%

Shares of SYLD stock opened at $85.61 on Friday. Cambria Shareholder Yield ETF has a twelve month low of $65.26 and a twelve month high of $87.33. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of 11.01 and a beta of 1.04. The stock has a fifty day simple moving average of $84.38 and a two-hundred day simple moving average of $79.80.

Cambria Shareholder Yield ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 22nd. Investors of record on Thursday, June 18th were issued a $0.3403 dividend. This represents a $1.36 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Thursday, June 18th.

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.