Philip James Wealth Mangement LLC Takes Position in Cambria Tail Risk ETF $TAIL

Philip James Wealth Mangement LLC purchased a new position in shares of Cambria Tail Risk ETF (BATS:TAIL) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 162,436 shares of the company’s stock, valued at approximately $1,922,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Osaic Holdings Inc. increased its holdings in shares of Cambria Tail Risk ETF by 864.1% during the second quarter. Osaic Holdings Inc. now owns 7,173 shares of the company’s stock valued at $86,000 after acquiring an additional 6,429 shares in the last quarter. StoneX Group Inc. bought a new position in shares of Cambria Tail Risk ETF in the 2nd quarter worth $144,000. BlueChip Wealth Advisors LLC acquired a new stake in Cambria Tail Risk ETF in the 2nd quarter valued at $205,000. Mezzasalma Advisors LLC bought a new stake in Cambria Tail Risk ETF during the 2nd quarter valued at $324,000. Finally, Envestnet Asset Management Inc. acquired a new position in Cambria Tail Risk ETF during the second quarter worth $324,000.

Cambria Tail Risk ETF Price Performance

Shares of BATS TAIL opened at $11.44 on Friday. The company has a 50-day moving average price of $11.72 and a 200-day moving average price of $11.83. The stock has a market capitalization of $94.91 million, a P/E ratio of 23.34 and a beta of -0.31. Cambria Tail Risk ETF has a 1 year low of $10.90 and a 1 year high of $14.67.

Cambria Tail Risk ETF Increases 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 $0.139 per share. The ex-dividend date of this dividend was Thursday, December 18th. This represents a $0.56 dividend on an annualized basis and a yield of 4.9%. This is an increase from Cambria Tail Risk ETF’s previous quarterly dividend of $0.05.

Cambria Tail Risk ETF Profile

The Cambria Tail Risk ETF (TAIL) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively managed fund that holds mostly cash and treasuries while using the strategy of buying put options on the S&P 500 with the purpose of portfolio downside protection. TAIL was launched on Apr 6, 2017 and is managed by Cambria.