Commonwealth Equity Services LLC Makes New $15.48 Million Investment in Cambria Shareholder Yield ETF $SYLD

Commonwealth Equity Services LLC bought a new position in Cambria Shareholder Yield ETF (BATS:SYLD) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 192,036 shares of the company’s stock, valued at approximately $15,476,000.

A number of other large investors have also added to or reduced their stakes in the company. Root Financial Partners LLC purchased a new stake in Cambria Shareholder Yield ETF during the 3rd quarter worth approximately $29,000. Integrated Wealth Concepts LLC bought a new position in shares of Cambria Shareholder Yield ETF in the 2nd quarter worth about $73,000. Fifth Third Bancorp acquired a new position in shares of Cambria Shareholder Yield ETF in the 1st quarter valued at about $143,000. NFSG Corp grew its position in shares of Cambria Shareholder Yield ETF by 31.4% during the 1st quarter. NFSG Corp now owns 2,113 shares of the company’s stock valued at $159,000 after buying an additional 505 shares during the last quarter. Finally, Florida Financial Advisors LLC acquired a new stake in shares of Cambria Shareholder Yield ETF during the 1st quarter worth approximately $213,000.

Cambria Shareholder Yield ETF Price Performance

Shares of SYLD opened at $86.06 on Wednesday. Cambria Shareholder Yield ETF has a 12 month low of $65.26 and a 12 month high of $88.89. The stock has a fifty day moving average price of $84.15 and a 200 day moving average price of $80.25. The company has a market cap of $1.03 billion, a P/E ratio of 11.79 and a beta of 0.91.

Cambria Shareholder Yield ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 21st. Stockholders of record on Friday, September 18th were issued a dividend of $0.5046 per share. This represents a $2.02 annualized dividend and a dividend yield of 2.3%. This is a positive change from Cambria Shareholder Yield ETF’s previous quarterly dividend of $0.3403. The ex-dividend date of this dividend was Friday, September 18th.

About Cambria Shareholder Yield ETF

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.