Cambria Shareholder Yield ETF (BATS:SYLD) Reaches New 1-Year High – Still a Buy?

Shares of Cambria Shareholder Yield ETF (BATS:SYLD – Get Free Report) hit a new 52-week high on Thursday . The stock traded as high as $87.33 and last traded at $86.9750, with a volume of 1003 shares. The stock had previously closed at $85.58.

Cambria Shareholder Yield ETF Trading Down 0.0%

The company’s 50-day moving average price is $83.77 and its two-hundred day moving average price is $79.51. The company has a market cap of $1.25 billion, a P/E ratio of 11.01 and a beta of 1.04.

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Cambria Shareholder Yield ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 22nd. Stockholders of record on Thursday, June 18th were given a dividend of $0.3403 per share. The ex-dividend date of this dividend was Thursday, June 18th. This represents a $1.36 annualized dividend and a dividend yield of 1.6%.

Institutional Trading of Cambria Shareholder Yield ETF

Several hedge funds and other institutional investors have recently bought and sold shares of SYLD. Advisory Services Network LLC acquired a new stake in Cambria Shareholder Yield ETF during the third quarter valued at approximately $52,000. Tucker Asset Management LLC acquired a new position in shares of Cambria Shareholder Yield ETF in the 4th quarter worth approximately $63,000. Sunbelt Securities Inc. bought a new stake in shares of Cambria Shareholder Yield ETF in the 3rd quarter valued at approximately $68,000. Allworth Financial LP raised its position in shares of Cambria Shareholder Yield ETF by 30.8% during the 4th quarter. Allworth Financial LP now owns 1,277 shares of the company’s stock valued at $89,000 after acquiring an additional 301 shares in the last quarter. Finally, Wealth Watch Advisors INC acquired a new stake in shares of Cambria Shareholder Yield ETF during the 3rd quarter valued at approximately $96,000.

About Cambria Shareholder Yield ETF

(Get Free Report)

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.

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