SFG Wealth Management LLC. purchased a new position in shares of Cambria Global Value ETF (BATS:GVAL – Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 52,237 shares of the company’s stock, valued at approximately $1,977,000. Cambria Global Value ETF accounts for 0.7% of SFG Wealth Management LLC.’s investment portfolio, making the stock its 27th biggest holding. SFG Wealth Management LLC. owned about 0.61% of Cambria Global Value ETF as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also modified their holdings of GVAL. Ascentis Independent Advisors acquired a new stake in Cambria Global Value ETF in the 1st quarter valued at approximately $66,000. Western Wealth Management LLC purchased a new stake in Cambria Global Value ETF in the first quarter valued at approximately $113,000. Legacy Wealth Managment LLC ID acquired a new position in Cambria Global Value ETF during the second quarter worth $225,000. Breakwater Capital Group acquired a new position in Cambria Global Value ETF during the third quarter worth $240,000. Finally, Waverly Advisors LLC acquired a new position in Cambria Global Value ETF during the second quarter worth $333,000.
Cambria Global Value ETF Price Performance
BATS GVAL opened at $37.33 on Monday. The company has a market cap of $321.04 million, a P/E ratio of 10.49 and a beta of 0.76. The stock has a 50-day moving average of $38.61 and a two-hundred day moving average of $37.04. Cambria Global Value ETF has a 1-year low of $29.69 and a 1-year high of $39.87.
Cambria Global Value ETF Cuts Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, September 21st. Shareholders of record on Friday, September 18th were paid a $0.2562 dividend. This represents a $1.02 annualized dividend and a dividend yield of 2.7%. This is a negative change from Cambria Global Value ETF’s previous quarterly dividend of $0.3357. The ex-dividend date was Friday, September 18th.
About Cambria Global Value ETF
The Cambria Global Value ETF (GVAL) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed to select the top 25% of countries from a list of 45 developed and emerging economies, then selects approximately 100 securities from those countries. GVAL was launched on Mar 12, 2014 and is managed by Cambria.
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