157,567 Shares in Cambria Tail Risk ETF $TAIL Bought by Mather Group LLC.

Mather Group LLC. bought a new stake in Cambria Tail Risk ETF (BATS:TAIL) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 157,567 shares of the company’s stock, valued at approximately $1,542,000.

A number of other institutional investors also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its holdings in Cambria Tail Risk ETF by 39.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 52,946 shares of the company’s stock worth $518,000 after acquiring an additional 14,868 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Cambria Tail Risk ETF by 21.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 78,270 shares of the company’s stock valued at $832,000 after purchasing an additional 13,842 shares in the last quarter. ZEGA Investments LLC lifted its position in shares of Cambria Tail Risk ETF by 47.3% during the 2nd quarter. ZEGA Investments LLC now owns 57,935 shares of the company’s stock worth $616,000 after purchasing an additional 18,607 shares during the last quarter. Fermata Advisors LLC purchased a new stake in shares of Cambria Tail Risk ETF during the 2nd quarter worth $396,000. Finally, Dynamic Advisor Solutions LLC purchased a new stake in shares of Cambria Tail Risk ETF during the 2nd quarter worth $344,000.

Cambria Tail Risk ETF Trading Up 0.8%

Shares of TAIL stock traded up $0.08 on Friday, reaching $9.96. 78,649 shares of the stock were exchanged, compared to its average volume of 332,772. The business’s 50 day moving average price is $10.08 and its 200 day moving average price is $10.56. The company has a market capitalization of $82.67 million, a price-to-earnings ratio of 23.34 and a beta of -0.31. Cambria Tail Risk ETF has a twelve month low of $9.70 and a twelve month high of $12.19.

Cambria Tail Risk ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 21st. Shareholders of record on Friday, September 18th were issued a dividend of $0.0844 per share. This is a positive change from Cambria Tail Risk ETF’s previous quarterly dividend of $0.0477. The ex-dividend date of this dividend was Friday, September 18th. This represents a $0.34 dividend on an annualized basis and a yield of 3.4%.

About Cambria Tail Risk ETF

The Cambria Tail Risk ETF (TAIL) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively managed fund that holds mostly cash and treasuries while using the strategy of buying put options on the S&P 500 with the purpose of portfolio downside protection. TAIL was launched on Apr 6, 2017 and is managed by Cambria.