Beaumont Financial Advisors LLC Makes New $8.32 Million Investment in Cambria Tail Risk ETF $TAIL

Beaumont Financial Advisors LLC bought a new position in shares of Cambria Tail Risk ETF (BATS:TAIL) during the first quarter, Holdings Channel.com reports. The fund bought 710,791 shares of the company’s stock, valued at approximately $8,323,000. Beaumont Financial Advisors LLC owned 0.09% of Cambria Tail Risk ETF as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Global Retirement Partners LLC lifted its holdings in shares of Cambria Tail Risk ETF by 224.4% in the 4th quarter. Global Retirement Partners LLC now owns 4,620 shares of the company’s stock valued at $53,000 after purchasing an additional 3,196 shares during the last quarter. Osaic Holdings Inc. grew its stake in Cambria Tail Risk ETF by 864.1% during the 2nd quarter. Osaic Holdings Inc. now owns 7,173 shares of the company’s stock worth $86,000 after buying an additional 6,429 shares during the last quarter. Bank of Montreal Can purchased a new position in Cambria Tail Risk ETF during the 4th quarter worth approximately $115,000. Principal Securities Inc. increased its position in Cambria Tail Risk ETF by 202.4% during the fourth quarter. Principal Securities Inc. now owns 10,099 shares of the company’s stock worth $116,000 after buying an additional 6,759 shares during the period. Finally, Simplicity Wealth LLC acquired a new position in Cambria Tail Risk ETF during the first quarter worth approximately $122,000.

Cambria Tail Risk ETF Trading Up 0.2%

Shares of BATS TAIL opened at $10.55 on Thursday. Cambria Tail Risk ETF has a twelve month low of $10.42 and a twelve month high of $12.19. The stock has a 50 day moving average of $10.71 and a two-hundred day moving average of $11.21. The stock has a market cap of $87.57 million, a P/E ratio of 23.34 and a beta of -0.31.

About Cambria Tail Risk ETF

The Cambria Tail Risk ETF (TAIL) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively managed fund that holds mostly cash and treasuries while using the strategy of buying put options on the S&P 500 with the purpose of portfolio downside protection. TAIL was launched on Apr 6, 2017 and is managed by Cambria.