Cambria Value and Momentum ETF (BATS:VAMO) Stock Falls 0.6% – Here’s Why

Cambria Value and Momentum ETF (BATS:VAMO – Get Free Report)’s share price dropped 0.6% on Friday. The company traded as low as $35.29 and last traded at $35.29. Approximately 2,136 shares were traded during mid-day trading, a decline of 90% from the average daily volume of 21,150 shares. The stock had previously closed at $35.50.

Cambria Value and Momentum ETF Stock Performance

The firm’s 50 day moving average price is $36.33 and its 200-day moving average price is $35.85. The firm has a market capitalization of $63.52 million, a PE ratio of 13.51 and a beta of 0.33.

Cambria Value and Momentum ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 21st. Investors of record on Friday, September 18th were issued a $0.0768 dividend. This represents a $0.31 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Friday, September 18th. This is a positive change from Cambria Value and Momentum ETF’s previous quarterly dividend of $0.0458.

Hedge Funds Weigh In On Cambria Value and Momentum ETF

A number of hedge funds have recently bought and sold shares of VAMO. ALM First Financial Advisors LLC grew its holdings in Cambria Value and Momentum ETF by 65.1% in the second quarter. ALM First Financial Advisors LLC now owns 1,429,000 shares of the company’s stock valued at $51,344,000 after purchasing an additional 563,571 shares during the period. Empowered Funds LLC increased its position in shares of Cambria Value and Momentum ETF by 1.7% in the first quarter. Empowered Funds LLC now owns 373,942 shares of the company’s stock valued at $13,267,000 after buying an additional 6,398 shares in the last quarter. Finally, Bravias Capital Group LLC raised its stake in shares of Cambria Value and Momentum ETF by 16.1% during the 1st quarter. Bravias Capital Group LLC now owns 174,706 shares of the company’s stock worth $6,199,000 after buying an additional 24,228 shares during the period.

Cambria Value and Momentum ETF Company Profile

(Get Free Report)

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. VAMO was launched on Sep 9, 2015 and is managed by Cambria.

Further Reading

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