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

Shares of Cambria Shareholder Yield ETF (BATS:SYLD) dropped 0.5% on Friday. The stock traded as low as $81.93 and last traded at $81.93. 19,834 shares traded hands during 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 Stock Performance

The business’s 50 day moving average is $84.48 and its 200-day moving average is $80.85. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of 11.01 and a beta of 1.04.

Cambria Shareholder Yield ETF Increases Dividend

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

Institutional Inflows and Outflows

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

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.