Cambria Cannabis ETF (BATS:TOKE) Trading Down 0.6% – Should You Sell?

Cambria Cannabis ETF (BATS:TOKE) shares fell 0.6% during trading on Friday . The company traded as low as $5.42 and last traded at $5.42. 776 shares traded hands during mid-day trading, a decline of 99% from the average session volume of 109,324 shares. The stock had previously closed at $5.45.

Cambria Cannabis ETF Stock Down 0.6%

The stock has a 50-day simple moving average of $5.84 and a two-hundred day simple moving average of $5.96. The firm has a market cap of $13.82 million, a PE ratio of 15.43 and a beta of 1.02.

Cambria Cannabis ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Thursday, December 18th were given a dividend of $0.0235 per share. This is a boost from Cambria Cannabis ETF’s previous quarterly dividend of $0.02. The ex-dividend date was Thursday, December 18th. This represents a $0.09 annualized dividend and a dividend yield of 1.7%.

Institutional Trading of Cambria Cannabis ETF

A number of hedge funds have recently bought and sold shares of the company. Bank of America Corp DE purchased a new stake in Cambria Cannabis ETF in the third quarter worth approximately $35,000. Insight Advisors LLC PA purchased a new position in shares of Cambria Cannabis ETF during the fourth quarter worth approximately $74,000. Primoris Wealth Advisors LLC purchased a new position in shares of Cambria Cannabis ETF during the fourth quarter worth approximately $108,000. HRT Financial LP bought a new stake in shares of Cambria Cannabis ETF in the 4th quarter worth approximately $165,000. Finally, Griffin Asset Management Inc. bought a new stake in shares of Cambria Cannabis ETF in the 3rd quarter worth approximately $271,000.

About Cambria Cannabis ETF

The Cambria Cannabis ETF (TOKE) is an exchange-traded fund that is based on the Prime Alternative Harvest index. The fund is an actively-managed portfolio of globally-listed companies related to cannabis and hemp. TOKE was launched on Jul 25, 2019 and is managed by Cambria.