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

Cambria Shareholder Yield ETF (BATS:SYLD)’s stock price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $85.71 and last traded at $85.45, with a volume of 3583 shares traded. The stock had previously closed at $85.28.

Cambria Shareholder Yield ETF Trading Up 0.1%

The firm has a 50 day moving average of $81.33 and a 200-day moving average of $78.25. The company has a market cap of $1.23 billion, a P/E ratio of 11.01 and a beta of 1.04.

Institutional Investors Weigh In On Cambria Shareholder Yield ETF

A number of institutional investors have recently added to or reduced their stakes in SYLD. Sherman Wealth Management LLC raised its position in shares of Cambria Shareholder Yield ETF by 2.8% during the second quarter. Sherman Wealth Management LLC now owns 21,861 shares of the company’s stock valued at $1,729,000 after buying an additional 589 shares during the last quarter. Revolve Wealth Partners LLC lifted 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 worth $29,592,000 after buying an additional 9,986 shares in the last quarter. Evanson Financial LLC bought a new position in shares of Cambria Shareholder Yield ETF during the second quarter worth $1,304,000. Longview Financial Advisors Inc. boosted its position in shares of Cambria Shareholder Yield ETF by 2.4% during the second quarter. Longview Financial Advisors Inc. now owns 19,212 shares of the company’s stock worth $1,519,000 after acquiring an additional 442 shares during the last quarter. Finally, Empowered Funds LLC purchased a new position in Cambria Shareholder Yield ETF during the first quarter valued at $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.