Cambria Shareholder Yield ETF (BATS:SYLD) Sets New 52-Week High – Should You Buy?

Cambria Shareholder Yield ETF (BATS:SYLD) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $85.71 and last traded at $85.45, with a volume of 3583 shares. The stock had previously closed at $85.28.

Cambria Shareholder Yield ETF Price Performance

The firm’s 50-day moving average is $81.33 and its 200-day moving average is $78.25. The company has a market capitalization of $1.23 billion, a P/E ratio of 11.01 and a beta of 1.04.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Empowered Funds LLC purchased a new position in shares of Cambria Shareholder Yield ETF during the 1st quarter valued at $6,858,000. Ritholtz Wealth Management purchased a new stake in Cambria Shareholder Yield ETF in the 1st quarter worth $3,255,000. Integrated Advisors Network LLC purchased a new stake in Cambria Shareholder Yield ETF in the 4th quarter worth $2,709,000. Waverly Advisors LLC raised its holdings in Cambria Shareholder Yield ETF by 562.3% during the first quarter. Waverly Advisors LLC now owns 42,181 shares of the company’s stock valued at $3,181,000 after acquiring an additional 35,812 shares during the period. Finally, United Advisor Group LLC raised its holdings in Cambria Shareholder Yield ETF by 88.2% during the fourth quarter. United Advisor Group LLC now owns 61,293 shares of the company’s stock valued at $4,261,000 after acquiring 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.