Cambria Global Value ETF (BATS:GVAL) Shares Cross Below Two Hundred Day Moving Average – Here’s What Happened

Shares of Cambria Global Value ETF (BATS:GVAL) passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $36.19 and traded as low as $36.02. Cambria Global Value ETF shares last traded at $36.13, with a volume of 482,240 shares changing hands.

Cambria Global Value ETF Trading Down 1.7%

The firm has a market cap of $310.72 million, a price-to-earnings ratio of 10.49 and a beta of 0.76. The business’s 50-day simple moving average is $38.42 and its two-hundred day simple moving average is $36.19.

Cambria Global Value ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 21st. Stockholders of record on Friday, September 18th were paid a $0.2562 dividend. The ex-dividend date of this dividend was Friday, September 18th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 2.8%. This is a decrease from Cambria Global Value ETF’s previous quarterly dividend of $0.3357.

Institutional Investors Weigh In On Cambria Global Value ETF

Several large investors have recently modified their holdings of GVAL. Ascentis Independent Advisors bought a new position in shares of Cambria Global Value ETF in the 1st quarter worth about $66,000. Western Wealth Management LLC acquired a new position in shares of Cambria Global Value ETF in the 1st quarter valued at about $113,000. Legacy Wealth Managment LLC ID bought a new stake in shares of Cambria Global Value ETF during the 2nd quarter valued at about $225,000. Breakwater Capital Group bought a new stake in shares of Cambria Global Value ETF during the 3rd quarter valued at about $240,000. Finally, Waverly Advisors LLC bought a new stake in shares of Cambria Global Value ETF during the 2nd quarter valued at about $333,000.

About Cambria Global Value ETF

The Cambria Global Value ETF (GVAL) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed to select the top 25% of countries from a list of 45 developed and emerging economies, then selects approximately 100 securities from those countries. GVAL was launched on Mar 12, 2014 and is managed by Cambria.