Cambria Shareholder Yield ETF (BATS:SYLD) Reaches New 12-Month High – Here’s Why

Cambria Shareholder Yield ETF (BATS:SYLD)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $86.83 and last traded at $86.75, with a volume of 3118 shares traded. The stock had previously closed at $85.76.

Cambria Shareholder Yield ETF Stock Down 0.5%

The stock has a market cap of $1.23 billion, a P/E ratio of 11.01 and a beta of 1.04. The company has a 50-day simple moving average of $82.15 and a two-hundred day simple moving average of $78.78.

Institutional Investors Weigh In On Cambria Shareholder Yield ETF

Several institutional investors have recently added to or reduced their stakes in the company. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Cambria Shareholder Yield ETF in the fourth quarter valued at about $42,000. Advisory Services Network LLC bought a new position in shares of Cambria Shareholder Yield ETF during the third quarter valued at about $52,000. Tucker Asset Management LLC purchased a new stake in shares of Cambria Shareholder Yield ETF during the fourth quarter worth about $63,000. Sunbelt Securities Inc. purchased a new stake in shares of Cambria Shareholder Yield ETF during the third quarter worth about $68,000. Finally, Allworth Financial LP grew its stake in shares of Cambria Shareholder Yield ETF by 30.8% in the fourth quarter. Allworth Financial LP now owns 1,277 shares of the company’s stock worth $89,000 after purchasing an additional 301 shares during the last quarter.

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.