Cambria Value and Momentum ETF (BATS:VAMO) Trading Up 7.4% – Time to Buy?

Cambria Value and Momentum ETF (BATS:VAMO) shares were up 7.4% during mid-day trading on Tuesday . The stock traded as high as $30.60 and last traded at $32.7510. Approximately 3,594 shares were traded during mid-day trading, an increase of 11% from the average daily volume of 3,235 shares. The stock had previously closed at $30.4868.

Cambria Value and Momentum ETF Stock Up 7.4%

The company has a 50 day simple moving average of $33.04 and a 200-day simple moving average of $31.20. The stock has a market capitalization of $58.95 million, a price-to-earnings ratio of 13.51 and a beta of 0.33.

Cambria Value and Momentum ETF Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Thursday, September 18th were issued a $0.0612 dividend. The ex-dividend date was Thursday, September 18th. This represents a $0.24 annualized dividend and a yield of 0.7%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Cambria Value and Momentum ETF stock. LPL Financial LLC boosted its position in Cambria Value and Momentum ETF (BATS:VAMO) by 3.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 88,018 shares of the company’s stock after acquiring an additional 2,794 shares during the period. LPL Financial LLC owned 4.89% of Cambria Value and Momentum ETF worth $2,566,000 as of its most recent SEC filing.

Cambria Value and Momentum ETF Company Profile

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.