Smith Anglin Financial LLC Sells 60,113 Shares of Cambria Shareholder Yield ETF $SYLD

Smith Anglin Financial LLC reduced its holdings in shares of Cambria Shareholder Yield ETF (BATS:SYLD) by 60.7% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 38,963 shares of the company’s stock after selling 60,113 shares during the period. Smith Anglin Financial LLC’s holdings in Cambria Shareholder Yield ETF were worth $2,534,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Sowell Financial Services LLC bought a new position in Cambria Shareholder Yield ETF in the first quarter valued at about $248,000. Oppenheimer & Co. Inc. raised its position in Cambria Shareholder Yield ETF by 4.6% in the first quarter. Oppenheimer & Co. Inc. now owns 19,817 shares of the company’s stock valued at $1,264,000 after purchasing an additional 875 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Cambria Shareholder Yield ETF in the fourth quarter valued at about $81,000. Envestnet Asset Management Inc. raised its position in Cambria Shareholder Yield ETF by 3.4% in the first quarter. Envestnet Asset Management Inc. now owns 74,407 shares of the company’s stock valued at $4,747,000 after purchasing an additional 2,469 shares during the last quarter. Finally, Royal Bank of Canada raised its position in Cambria Shareholder Yield ETF by 35.4% in the first quarter. Royal Bank of Canada now owns 163,901 shares of the company’s stock valued at $10,457,000 after purchasing an additional 42,860 shares during the last quarter.

Cambria Shareholder Yield ETF Trading Down 0.4%

Cambria Shareholder Yield ETF stock opened at $68.99 on Monday. The company has a market capitalization of $990.06 million, a PE ratio of 11.01 and a beta of 1.04. Cambria Shareholder Yield ETF has a 12 month low of $54.75 and a 12 month high of $76.95. The stock has a 50-day moving average price of $67.94 and a two-hundred day moving average price of $64.84.

Cambria Shareholder Yield ETF Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Thursday, September 18th were given a $0.4917 dividend. The ex-dividend date was Thursday, September 18th. This represents a $1.97 annualized dividend and a yield of 2.9%.

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.