Cambria Cannabis ETF (BATS:TOKE) Trading Down 1.2% – Here’s Why

Shares of Cambria Cannabis ETF (BATS:TOKE) were down 1.2% on Friday . The stock traded as low as $5.75 and last traded at $5.78. Approximately 11,982 shares changed hands during mid-day trading, a decline of 92% from the average daily volume of 152,949 shares. The stock had previously closed at $5.85.

Cambria Cannabis ETF Stock Performance

The firm has a market capitalization of $14.74 million, a price-to-earnings ratio of 15.43 and a beta of 1.02. The stock’s fifty day moving average is $6.03 and its two-hundred day moving average is $6.00.

Cambria Cannabis ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Thursday, December 18th were paid a dividend of $0.0235 per share. This is a boost from Cambria Cannabis ETF’s previous quarterly dividend of $0.02. This represents a $0.09 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Thursday, December 18th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Bank of America Corp DE acquired a new stake in Cambria Cannabis ETF during the 3rd quarter valued at approximately $35,000. Insight Advisors LLC PA purchased a new position in shares of Cambria Cannabis ETF during the 4th quarter valued at approximately $74,000. Primoris Wealth Advisors LLC purchased a new position in shares of Cambria Cannabis ETF during the 4th quarter valued at approximately $108,000. HRT Financial LP acquired a new stake in shares of Cambria Cannabis ETF during the fourth quarter worth approximately $165,000. Finally, Griffin Asset Management Inc. bought a new stake in shares of Cambria Cannabis ETF in the third quarter worth $271,000.

Cambria Cannabis ETF Company Profile

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.