Cambria Value and Momentum ETF (BATS:VAMO) Shares Down 0.5% – Time to Sell?

Cambria Value and Momentum ETF (BATS:VAMO) shares traded down 0.5% during mid-day trading on Tuesday . The company traded as low as $35.94 and last traded at $35.99. 5,964 shares changed hands during mid-day trading, a decline of 17% from the average session volume of 7,225 shares. The stock had previously closed at $36.18.

Cambria Value and Momentum ETF Price Performance

The business’s 50-day moving average price is $34.94 and its two-hundred day moving average price is $33.41. The firm has a market cap of $64.78 million, a price-to-earnings ratio of 13.51 and a beta of 0.33.

Cambria Value and Momentum ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Thursday, December 18th were issued a dividend of $0.0491 per share. This represents a $0.20 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Thursday, December 18th.

Hedge Funds Weigh In On Cambria Value and Momentum ETF

A number of hedge funds have recently bought and sold shares of VAMO. Bravias Capital Group LLC increased its holdings in Cambria Value and Momentum ETF by 13.3% in the third quarter. Bravias Capital Group LLC now owns 131,953 shares of the company’s stock valued at $4,406,000 after buying an additional 15,448 shares during the last quarter. Cambria Investment Management L.P. lifted its holdings in Cambria Value and Momentum ETF by 41.2% during the 3rd quarter. Cambria Investment Management L.P. now owns 625,547 shares of the company’s stock worth $19,713,000 after buying an additional 182,494 shares during the last quarter. CIBC Bancorp USA Inc. acquired a new position in shares of Cambria Value and Momentum ETF in the 3rd quarter worth approximately $364,000. Finally, CIBC Private Wealth Group LLC increased its holdings in shares of Cambria Value and Momentum ETF by 190.5% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 10,904 shares of the company’s stock valued at $364,000 after acquiring an additional 7,151 shares during the last quarter.

About Cambria Value and Momentum ETF

The Cambria Value and Momentum ETF (VAMO) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively-managed portfolio of large-, mid and small-cap US stocks selected by long-term value factors and midterm momentum factors. The managers have discretion to hedge up to 100% of the portfolio. VAMO was launched on Sep 9, 2015 and is managed by Cambria.