Ferguson Shapiro LLC purchased a new stake in Cambria Tail Risk ETF (BATS:TAIL – Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 154,600 shares of the company’s stock, valued at approximately $1,810,000. Cambria Tail Risk ETF accounts for approximately 0.6% of Ferguson Shapiro LLC’s investment portfolio, making the stock its 22nd biggest position.
A number of other institutional investors have also recently bought and sold shares of TAIL. HighTower Advisors LLC acquired a new stake in Cambria Tail Risk ETF during the 4th quarter worth about $12,017,000. Sierra Capital LLC purchased a new stake in Cambria Tail Risk ETF during the fourth quarter valued at about $1,389,000. Jane Street Group LLC acquired a new position in shares of Cambria Tail Risk ETF in the second quarter worth about $783,000. Osaic Holdings Inc. boosted its holdings in shares of Cambria Tail Risk ETF by 320.5% in the fourth quarter. Osaic Holdings Inc. now owns 31,093 shares of the company’s stock worth $357,000 after buying an additional 23,698 shares during the period. Finally, JPMorgan Chase & Co. purchased a new position in shares of Cambria Tail Risk ETF in the second quarter worth approximately $336,000.
Cambria Tail Risk ETF Price Performance
Cambria Tail Risk ETF stock opened at $10.63 on Wednesday. Cambria Tail Risk ETF has a fifty-two week low of $10.60 and a fifty-two week high of $12.19. The firm’s 50 day simple moving average is $10.81 and its 200-day simple moving average is $11.29. The company has a market cap of $88.23 million, a P/E ratio of 23.34 and a beta of -0.31.
Cambria Tail Risk ETF Company Profile
The Cambria Tail Risk ETF (TAIL) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively managed fund that holds mostly cash and treasuries while using the strategy of buying put options on the S&P 500 with the purpose of portfolio downside protection. TAIL was launched on Apr 6, 2017 and is managed by Cambria.
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