Cambria Shareholder Yield ETF (BATS:SYLD) Hits New 52-Week High – Here’s Why

Cambria Shareholder Yield ETF (BATS:SYLD)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $81.59 and last traded at $81.59, with a volume of 940 shares changing hands. The stock had previously closed at $79.83.

Cambria Shareholder Yield ETF Stock Up 0.9%

The stock has a 50-day moving average of $78.94 and a 200 day moving average of $76.35. The stock has a market cap of $1.16 billion, a PE ratio of 11.01 and a beta of 1.04.

Institutional Trading of Cambria Shareholder Yield ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Sherman Wealth Management LLC raised its holdings in shares of Cambria Shareholder Yield ETF by 2.8% during the 2nd quarter. Sherman Wealth Management LLC now owns 21,861 shares of the company’s stock worth $1,729,000 after acquiring an additional 589 shares during the period. Revolve Wealth Partners LLC grew its holdings in shares of Cambria Shareholder Yield ETF by 2.7% in the second quarter. Revolve Wealth Partners LLC now owns 374,169 shares of the company’s stock valued at $29,592,000 after purchasing an additional 9,986 shares during the period. Evanson Financial LLC purchased a new stake in shares of Cambria Shareholder Yield ETF in the second quarter valued at about $1,304,000. Longview Financial Advisors Inc. grew its holdings in shares of Cambria Shareholder Yield ETF by 2.4% in the second quarter. Longview Financial Advisors Inc. now owns 19,212 shares of the company’s stock valued at $1,519,000 after purchasing an additional 442 shares during the period. Finally, Empowered Funds LLC acquired a new stake in Cambria Shareholder Yield ETF during the first quarter worth about $6,858,000.

About Cambria Shareholder Yield ETF

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.