Cambria Value and Momentum ETF (BATS:VAMO) Shares Up 0.1% – Here’s What Happened

Cambria Value and Momentum ETF (BATS:VAMO) shares shot up 0.1% during trading on Wednesday . The stock traded as high as $35.48 and last traded at $35.48. 3,331 shares were traded during mid-day trading, a decline of 36% from the average session volume of 5,217 shares. The stock had previously closed at $35.46.

Cambria Value and Momentum ETF Trading Up 0.1%

The stock has a market capitalization of $63.86 million, a PE ratio of 13.51 and a beta of 0.33. The firm has a 50 day moving average of $35.33 and a two-hundred day moving average of $34.38.

Hedge Funds Weigh In On Cambria Value and Momentum ETF

Several hedge funds have recently bought and sold shares of VAMO. CIBC Bancorp USA Inc. purchased a new position in Cambria Value and Momentum ETF in the 3rd quarter valued at approximately $364,000. CIBC Private Wealth Group LLC increased its stake in Cambria Value and Momentum ETF by 190.5% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 10,904 shares of the company’s stock valued at $364,000 after purchasing an additional 7,151 shares in the last quarter. LPL Financial LLC increased its stake in Cambria Value and Momentum ETF by 3.4% in the 4th quarter. LPL Financial LLC now owns 109,332 shares of the company’s stock valued at $3,732,000 after purchasing an additional 3,559 shares in the last quarter. Bravias Capital Group LLC increased its stake in Cambria Value and Momentum ETF by 13.3% in the 3rd quarter. Bravias Capital Group LLC now owns 131,953 shares of the company’s stock valued at $4,406,000 after purchasing an additional 15,448 shares in the last quarter. Finally, Empowered Funds LLC increased its stake in Cambria Value and Momentum ETF by 100.8% in the 4th quarter. Empowered Funds LLC now owns 367,544 shares of the company’s stock valued at $12,546,000 after purchasing an additional 184,497 shares in the last quarter.

About Cambria Value and Momentum ETF

The Cambria Value and Momentum ETF (VAMO) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively-managed portfolio of large-, mid and small-cap US stocks selected by long-term value factors and midterm momentum factors. The managers have discretion to hedge up to 100% of the portfolio. VAMO was launched on Sep 9, 2015 and is managed by Cambria.