Cambria Cannabis ETF (BATS:TOKE) Stock Price Down 0.6% – Here’s Why

Cambria Cannabis ETF (BATS:TOKEGet Free Report) shares dropped 0.6% during mid-day trading on Friday . The stock traded as low as $5.42 and last traded at $5.42. Approximately 776 shares were traded during trading, a decline of 99% from the average daily volume of 109,324 shares. The stock had previously closed at $5.45.

Cambria Cannabis ETF Stock Performance

The stock has a 50 day moving average of $5.84 and a two-hundred day moving average of $5.97. The firm has a market capitalization of $13.82 million, a P/E ratio of 15.43 and a beta of 1.02.

Cambria Cannabis ETF Increases Dividend

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

Hedge Funds Weigh In On Cambria Cannabis ETF

Several large investors have recently added to or reduced their stakes in the company. Bank of America Corp DE acquired a new position in shares of Cambria Cannabis ETF in the third quarter valued at $35,000. Insight Advisors LLC PA bought a new stake in Cambria Cannabis ETF in the 4th quarter valued at $74,000. Primoris Wealth Advisors LLC bought a new stake in Cambria Cannabis ETF in the 4th quarter valued at $108,000. HRT Financial LP acquired a new position in shares of Cambria Cannabis ETF in the 4th quarter valued at $165,000. Finally, Griffin Asset Management Inc. bought a new position in shares of Cambria Cannabis ETF during the 3rd quarter worth about $271,000.

Cambria Cannabis ETF Company Profile

(Get Free Report)

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.

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