Cambria Value and Momentum ETF Plans Quarterly Dividend of $0.05 (BATS:VAMO)

Cambria Value and Momentum ETF (BATS:VAMO) announced a quarterly dividend on Wednesday, December 17th. Shareholders of record on Thursday, December 18th will be given a dividend of 0.0491 per share on Friday, December 19th. This represents a c) annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Thursday, December 18th.

Cambria Value and Momentum ETF Stock Up 12.9%

Shares of BATS VAMO traded up $3.94 during trading on Thursday, hitting $34.43. 3,594 shares of the company traded hands, compared to its average volume of 3,235. The firm has a market capitalization of $61.97 million, a P/E ratio of 13.51 and a beta of 0.33. The company has a 50-day moving average price of $33.32 and a 200-day moving average price of $32.04. Cambria Value and Momentum ETF has a 1 year low of $26.67 and a 1 year high of $32.72.

Hedge Funds Weigh In On Cambria Value and Momentum ETF

A number of institutional investors and hedge funds have recently bought and sold shares of VAMO. Cambria Investment Management L.P. boosted its stake in Cambria Value and Momentum ETF by 39.6% during the 3rd quarter. Cambria Investment Management L.P. now owns 618,667 shares of the company’s stock valued at $20,657,000 after acquiring an additional 175,614 shares during the last quarter. CIBC Private Wealth Group LLC lifted its stake in Cambria Value and Momentum ETF by 190.5% in the third quarter. CIBC Private Wealth Group LLC now owns 10,904 shares of the company’s stock valued at $364,000 after buying an additional 7,151 shares during the last quarter. CIBC Bancorp USA Inc. acquired a new position in shares of Cambria Value and Momentum ETF during the third quarter worth approximately $364,000. Finally, Bravias Capital Group LLC grew its stake in shares of 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 worth $4,406,000 after purchasing an additional 15,448 shares in the last quarter.

Cambria Value and Momentum ETF Company Profile

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.