Cambria Global Value ETF (BATS:GVAL) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

Cambria Global Value ETF (BATS:GVAL) crossed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $36.28 and traded as high as $36.80. Cambria Global Value ETF shares last traded at $36.65, with a volume of 107,836 shares traded.

Cambria Global Value ETF Price Performance

The stock’s 50-day moving average is $38.05 and its 200 day moving average is $36.30. The company has a market cap of $313.04 million, a PE ratio of 10.49 and a beta of 0.76.

Cambria Global Value ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 21st. Stockholders of record on Friday, September 18th were issued a dividend of $0.2562 per share. The ex-dividend date was Friday, September 18th. This represents a $1.02 annualized dividend and a dividend yield of 2.8%. This is a drop from Cambria Global Value ETF’s previous quarterly dividend of $0.3357.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Western Wealth Management LLC purchased a new position in shares of Cambria Global Value ETF in the 1st quarter valued at approximately $1,650,000. NewEdge Advisors LLC acquired a new position in shares of Cambria Global Value ETF in the 1st quarter valued at $525,000. Optima Capital LLC increased its position in shares of Cambria Global Value ETF by 32.6% in the 3rd quarter. Optima Capital LLC now owns 252,940 shares of the company’s stock valued at $9,571,000 after acquiring an additional 62,254 shares during the period. SFG Wealth Management LLC. purchased a new position in Cambria Global Value ETF in the 3rd quarter worth $1,977,000. Finally, Compass Ion Advisors LLC purchased a new position in Cambria Global Value ETF in the 3rd quarter worth $855,000.

About Cambria Global Value ETF

The Cambria Global Value ETF (GVAL) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed to select the top 25% of countries from a list of 45 developed and emerging economies, then selects approximately 100 securities from those countries. GVAL was launched on Mar 12, 2014 and is managed by Cambria.