Cambria Shareholder Yield ETF $SYLD Stake Lowered by Park Avenue Securities LLC

Park Avenue Securities LLC cut its stake in Cambria Shareholder Yield ETF (BATS:SYLD) by 62.6% during the third quarter, HoldingsChannel reports. The fund owned 3,554 shares of the company’s stock after selling 5,939 shares during the quarter. Park Avenue Securities LLC’s holdings in Cambria Shareholder Yield ETF were worth $286,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Root Financial Partners LLC purchased a new stake in shares of Cambria Shareholder Yield ETF during the third quarter worth $29,000. Integrated Wealth Concepts LLC acquired a new stake in Cambria Shareholder Yield ETF during the second quarter valued at $73,000. Fifth Third Bancorp acquired a new stake in Cambria Shareholder Yield ETF during the first quarter valued at $143,000. NFSG Corp grew its stake in Cambria Shareholder Yield ETF by 31.4% in the first quarter. NFSG Corp now owns 2,113 shares of the company’s stock valued at $159,000 after purchasing an additional 505 shares in the last quarter. Finally, Florida Financial Advisors LLC purchased a new position in Cambria Shareholder Yield ETF in the first quarter valued at about $213,000.

Cambria Shareholder Yield ETF Price Performance

Shares of SYLD stock opened at $84.75 on Monday. Cambria Shareholder Yield ETF has a fifty-two week low of $65.26 and a fifty-two week high of $88.89. The stock’s 50-day moving average is $84.16 and its two-hundred day moving average is $80.13. The firm has a market cap of $1.02 billion, a P/E ratio of 11.79 and a beta of 0.91.

Cambria Shareholder Yield ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 21st. Investors of record on Friday, September 18th were paid a $0.5046 dividend. This represents a $2.02 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Friday, September 18th. This is a positive change from Cambria Shareholder Yield ETF’s previous quarterly dividend of $0.3403.

About Cambria Shareholder Yield ETF

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.