Sheets Smith Wealth Management Grows Stake in Cambria Shareholder Yield ETF (BATS:SYLD)

Sheets Smith Wealth Management grew its position in shares of Cambria Shareholder Yield ETF (BATS:SYLD) by 1.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,829 shares of the company’s stock after purchasing an additional 503 shares during the period. Sheets Smith Wealth Management’s holdings in Cambria Shareholder Yield ETF were worth $2,691,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. Mutual Advisors LLC grew its position in Cambria Shareholder Yield ETF by 13.3% in the fourth quarter. Mutual Advisors LLC now owns 11,661 shares of the company’s stock worth $788,000 after acquiring an additional 1,369 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in Cambria Shareholder Yield ETF by 6.6% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 224,955 shares of the company’s stock valued at $15,200,000 after buying an additional 13,901 shares during the period. Revolve Wealth Partners LLC boosted its position in Cambria Shareholder Yield ETF by 6.0% during the fourth quarter. Revolve Wealth Partners LLC now owns 261,613 shares of the company’s stock valued at $17,677,000 after buying an additional 14,844 shares during the period. International Assets Investment Management LLC purchased a new stake in Cambria Shareholder Yield ETF during the fourth quarter valued at about $13,510,000. Finally, Envestnet Asset Management Inc. boosted its position in Cambria Shareholder Yield ETF by 13.8% during the third quarter. Envestnet Asset Management Inc. now owns 74,748 shares of the company’s stock valued at $4,624,000 after buying an additional 9,059 shares during the period.

Cambria Shareholder Yield ETF Stock Performance

BATS SYLD traded up $0.75 during trading on Friday, hitting $69.58. 34,227 shares of the company’s stock traded hands. The business’s 50-day moving average price is $70.69 and its two-hundred day moving average price is $66.84. The firm has a market cap of $1.19 billion, a price-to-earnings ratio of 7.91 and a beta of 0.89.

Cambria Shareholder Yield ETF Company Profile

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.