Cambria Value and Momentum ETF (BATS:VAMO) Shares Down 0.7% – Here’s What Happened

Cambria Value and Momentum ETF (BATS:VAMO)’s share price fell 0.7% on Tuesday . The stock traded as low as $34.95 and last traded at $35.14. 1,139 shares traded hands during mid-day trading, a decline of 83% from the average session volume of 6,755 shares. The stock had previously closed at $35.39.

Cambria Value and Momentum ETF Stock Down 0.7%

The stock has a fifty day simple moving average of $35.37 and a 200 day simple moving average of $33.93. The firm has a market capitalization of $63.25 million, a P/E ratio of 13.51 and a beta of 0.33.

Cambria Value and Momentum ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Thursday, December 18th were paid a dividend of $0.0491 per share. This represents a $0.20 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Thursday, December 18th.

Institutional Investors Weigh In On Cambria Value and Momentum ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. CIBC Bancorp USA Inc. bought a new stake in shares of Cambria Value and Momentum ETF during the third quarter valued at approximately $364,000. CIBC Private Wealth Group LLC grew its stake in Cambria Value and Momentum ETF by 190.5% during the third quarter. CIBC Private Wealth Group LLC now owns 10,904 shares of the company’s stock valued at $364,000 after acquiring an additional 7,151 shares in the last quarter. LPL Financial LLC increased its holdings in Cambria Value and Momentum ETF by 3.4% in the 4th quarter. LPL Financial LLC now owns 109,332 shares of the company’s stock valued at $3,732,000 after acquiring an additional 3,559 shares during the last quarter. Bravias Capital Group LLC increased its holdings in Cambria Value and Momentum ETF by 13.3% in the 3rd quarter. Bravias Capital Group LLC now owns 131,953 shares of the company’s stock valued at $4,406,000 after acquiring an additional 15,448 shares during the last quarter. Finally, Empowered Funds LLC lifted its stake in Cambria Value and Momentum ETF by 100.8% in the 4th quarter. Empowered Funds LLC now owns 367,544 shares of the company’s stock worth $12,546,000 after purchasing an additional 184,497 shares in the last quarter.

Cambria Value and Momentum ETF Company Profile

The Cambria Value and Momentum ETF (VAMO) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively-managed portfolio of large-, mid and small-cap US stocks selected by long-term value factors and midterm momentum factors. The managers have discretion to hedge up to 100% of the portfolio. VAMO was launched on Sep 9, 2015 and is managed by Cambria.