Cambria Emerging Shareholder Yield ETF $EYLD Stake Reduced by Professional Financial Management Inc.

Professional Financial Management Inc. reduced its holdings in Cambria Emerging Shareholder Yield ETF (BATS:EYLD) by 34.2% during the third quarter, Holdings Channel.com reports. The fund owned 98,353 shares of the company’s stock after selling 51,167 shares during the quarter. Cambria Emerging Shareholder Yield ETF accounts for 4.8% of Professional Financial Management Inc.’s investment portfolio, making the stock its 8th largest holding. Professional Financial Management Inc.’s holdings in Cambria Emerging Shareholder Yield ETF were worth $4,682,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Fifth Third Bancorp bought a new stake in shares of Cambria Emerging Shareholder Yield ETF during the 1st quarter valued at about $74,000. Absolute Capital Management LLC bought a new position in shares of Cambria Emerging Shareholder Yield ETF in the third quarter worth approximately $209,000. Quantinno Capital Management LP bought a new position in shares of Cambria Emerging Shareholder Yield ETF in the first quarter worth approximately $264,000. Kestra Advisory Services LLC increased its position in shares of Cambria Emerging Shareholder Yield ETF by 27.3% in the first quarter. Kestra Advisory Services LLC now owns 7,571 shares of the company’s stock worth $314,000 after purchasing an additional 1,625 shares during the last quarter. Finally, Kestra Private Wealth Services LLC purchased a new stake in Cambria Emerging Shareholder Yield ETF in the first quarter valued at approximately $392,000.

Cambria Emerging Shareholder Yield ETF Price Performance

Shares of EYLD opened at $46.81 on Friday. The firm’s 50 day simple moving average is $48.45 and its 200 day simple moving average is $46.72. The company has a market capitalization of $683.43 million, a P/E ratio of 9.92 and a beta of 0.69. Cambria Emerging Shareholder Yield ETF has a 1-year low of $37.29 and a 1-year high of $50.26.

Cambria Emerging Shareholder Yield ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 21st. Shareholders of record on Friday, September 18th were paid a $0.4968 dividend. The ex-dividend date of this dividend was Friday, September 18th. This represents a $1.99 dividend on an annualized basis and a yield of 4.2%. This is a boost from Cambria Emerging Shareholder Yield ETF’s previous quarterly dividend of $0.3444.

About Cambria Emerging Shareholder Yield ETF

The Cambria Emerging Shareholder Yield ETF (EYLD) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed to invest in emerging market stocks focused on shareholder yield, as measured by dividend payments and net share buybacks. EYLD was launched on Jul 14, 2016 and is managed by Cambria.