Cambria Shareholder Yield ETF (BATS:SYLD) Stock Falls 0.5% – Here’s What Happened

Cambria Shareholder Yield ETF (BATS:SYLD)’s stock price fell 0.5% during trading on Friday. The stock traded as low as $81.93 and last traded at $81.93. Approximately 19,834 shares traded hands during mid-day trading, a decline of 57% from the average daily volume of 46,377 shares. The stock had previously closed at $82.33.

Cambria Shareholder Yield ETF Price Performance

The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of 11.01 and a beta of 1.04. The stock has a 50 day simple moving average of $84.48 and a two-hundred day simple moving average of $80.85.

Cambria Shareholder Yield ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 21st. Stockholders of record on Friday, September 18th were given a dividend of $0.5046 per share. This is a boost from Cambria Shareholder Yield ETF’s previous quarterly dividend of $0.3403. The ex-dividend date of this dividend was Friday, September 18th. This represents a $2.02 annualized dividend and a dividend yield of 2.5%.

Hedge Funds Weigh In On Cambria Shareholder Yield ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Empowered Funds LLC acquired a new position in shares of Cambria Shareholder Yield ETF in the 1st quarter valued at $6,858,000. Ritholtz Wealth Management acquired a new stake in Cambria Shareholder Yield ETF during the 1st quarter worth $3,255,000. Wealth Care LLC purchased a new stake in Cambria Shareholder Yield ETF in the first quarter valued at $1,475,000. Rockefeller Capital Management L.P. lifted its position in Cambria Shareholder Yield ETF by 102.3% in the fourth quarter. Rockefeller Capital Management L.P. now owns 24,272 shares of the company’s stock valued at $1,687,000 after acquiring an additional 12,272 shares during the last quarter. Finally, Evanson Financial LLC acquired a new position in Cambria Shareholder Yield ETF in the second quarter valued at $1,304,000.

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.