Cambria Shareholder Yield ETF (BATS:SYLD) Sets New 52-Week High – Still a Buy?

Cambria Shareholder Yield ETF (BATS:SYLD) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $87.33 and last traded at $86.9750, with a volume of 1003 shares. The stock had previously closed at $85.58.

Cambria Shareholder Yield ETF Stock Performance

The business’s 50 day moving average is $83.48 and its 200-day moving average is $79.39. The firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of 11.01 and a beta of 1.04.

Institutional Investors Weigh In On Cambria Shareholder Yield ETF

Hedge funds have recently bought and sold shares of the company. Advisory Services Network LLC bought a new position in shares of Cambria Shareholder Yield ETF in the third quarter worth about $52,000. Tucker Asset Management LLC acquired a new stake in Cambria Shareholder Yield ETF in the 4th quarter valued at approximately $63,000. Sunbelt Securities Inc. acquired a new stake in Cambria Shareholder Yield ETF in the 3rd quarter valued at approximately $68,000. Allworth Financial LP increased its position in Cambria Shareholder Yield ETF by 30.8% in the 4th quarter. Allworth Financial LP now owns 1,277 shares of the company’s stock worth $89,000 after buying an additional 301 shares during the period. Finally, Wealth Watch Advisors INC bought a new position in Cambria Shareholder Yield ETF in the 3rd quarter worth approximately $96,000.

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.