Cambria Shareholder Yield ETF (BATS:SYLD) Hits New 1-Year High – Here’s What Happened

Cambria Shareholder Yield ETF (BATS:SYLD)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as $79.88 and last traded at $79.77, with a volume of 6043 shares trading hands. The stock had previously closed at $78.80.

Cambria Shareholder Yield ETF Price Performance

The business’s 50 day moving average price is $77.75 and its 200-day moving average price is $74.70. The firm has a market capitalization of $1.13 billion, a price-to-earnings ratio of 11.01 and a beta of 1.04.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in SYLD. Revolve Wealth Partners LLC increased its stake in shares of Cambria Shareholder Yield ETF by 3.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 301,085 shares of the company’s stock worth $20,615,000 after acquiring an additional 10,023 shares during the period. Raymond James Financial Inc. increased its stake in shares of Cambria Shareholder Yield ETF by 5.1% during the second quarter. Raymond James Financial Inc. now owns 509,081 shares of the company’s stock worth $33,106,000 after acquiring an additional 24,905 shares during the period. Corient Private Wealth LLC acquired a new position in shares of Cambria Shareholder Yield ETF during the second quarter worth about $359,000. Jones Financial Companies Lllp increased its stake in shares of Cambria Shareholder Yield ETF by 15.0% during the third quarter. Jones Financial Companies Lllp now owns 22,647 shares of the company’s stock worth $1,563,000 after acquiring an additional 2,956 shares during the period. Finally, Aspect Partners LLC grew its position in Cambria Shareholder Yield ETF by 5.8% during the third quarter. Aspect Partners LLC now owns 20,639 shares of the company’s stock worth $1,417,000 after buying an additional 1,129 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.