Cowa LLC reduced its holdings in shares of Cambria Shareholder Yield ETF (BATS:SYLD – Free Report) by 54.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,227 shares of the company’s stock after selling 7,578 shares during the quarter. Cowa LLC’s holdings in Cambria Shareholder Yield ETF were worth $502,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. MGO One Seven LLC lifted its holdings in shares of Cambria Shareholder Yield ETF by 2.6% in the third quarter. MGO One Seven LLC now owns 25,962 shares of the company’s stock valued at $2,092,000 after purchasing an additional 660 shares in the last quarter. Laurel Wealth Advisors LLC lifted its position in shares of Cambria Shareholder Yield ETF by 0.6% during the third quarter. Laurel Wealth Advisors LLC now owns 32,705 shares of the company’s stock valued at $2,636,000 after purchasing an additional 204 shares in the last quarter. Sigma Planning Corp lifted its position in shares of Cambria Shareholder Yield ETF by 3.6% during the third quarter. Sigma Planning Corp now owns 26,186 shares of the company’s stock valued at $2,110,000 after purchasing an additional 913 shares in the last quarter. Revolve Wealth Partners LLC boosted its holdings in Cambria Shareholder Yield ETF by 1.4% during the third quarter. Revolve Wealth Partners LLC now owns 379,428 shares of the company’s stock worth $30,578,000 after purchasing an additional 5,259 shares during the last quarter. Finally, Brookstone Capital Management boosted its holdings in Cambria Shareholder Yield ETF by 4.4% during the third quarter. Brookstone Capital Management now owns 136,089 shares of the company’s stock worth $10,967,000 after purchasing an additional 5,797 shares during the last quarter.
Cambria Shareholder Yield ETF Stock Up 2.2%
SYLD stock opened at $88.19 on Thursday. The firm has a market cap of $1.27 billion, a PE ratio of 11.01 and a beta of 1.04. The business has a 50 day moving average of $84.21 and a 200-day moving average of $80.00. Cambria Shareholder Yield ETF has a 12-month low of $65.26 and a 12-month high of $88.19.
Cambria Shareholder Yield ETF Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, September 21st. Investors of record on Friday, September 18th were issued a $0.5046 dividend. This is an increase from Cambria Shareholder Yield ETF’s previous quarterly dividend of $0.3403. The ex-dividend date of this dividend was Friday, September 18th. This represents a $2.02 dividend on an annualized basis and a dividend yield of 2.3%.
Cambria Shareholder Yield ETF 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.
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