Cambria Shareholder Yield ETF (BATS:SYLD) Hits New 52-Week High – Here’s Why

Cambria Shareholder Yield ETF (BATS:SYLD)’s stock price reached a new 52-week high on Monday . The stock traded as high as $81.59 and last traded at $81.59, with a volume of 940 shares traded. The stock had previously closed at $79.83.

Cambria Shareholder Yield ETF Stock Performance

The stock’s 50 day simple moving average is $78.94 and its 200-day simple moving average is $76.35. The firm has a market cap of $1.16 billion, a price-to-earnings ratio of 11.01 and a beta of 1.04.

Hedge Funds Weigh In On Cambria Shareholder Yield ETF

Several hedge funds have recently made changes to their positions in SYLD. Sherman Wealth Management LLC acquired a new stake in shares of Cambria Shareholder Yield ETF during the fourth quarter worth about $1,439,000. Verum Partners LLC boosted its position in Cambria Shareholder Yield ETF by 17.8% in the fourth quarter. Verum Partners LLC now owns 223,117 shares of the company’s stock valued at $15,511,000 after buying an additional 33,671 shares during the last quarter. Tcfg Wealth Management LLC increased its holdings in Cambria Shareholder Yield ETF by 5,875.4% in the 3rd quarter. Tcfg Wealth Management LLC now owns 242,719 shares of the company’s stock worth $16,665,000 after buying an additional 238,657 shares during the period. Wealth Care LLC acquired a new position in Cambria Shareholder Yield ETF in the 1st quarter worth approximately $1,475,000. Finally, United Advisor Group LLC increased its holdings in Cambria Shareholder Yield ETF by 88.2% in the 4th quarter. United Advisor Group LLC now owns 61,293 shares of the company’s stock worth $4,261,000 after buying an additional 28,723 shares during the period.

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.