Centric Wealth Management Grows Stock Position in Cambria Tail Risk ETF (BATS:TAIL)

Centric Wealth Management lifted its holdings in shares of Cambria Tail Risk ETF (BATS:TAIL) by 5.1% in the third quarter, HoldingsChannel.com reports. The firm owned 22,723 shares of the company’s stock after acquiring an additional 1,095 shares during the quarter. Centric Wealth Management’s holdings in Cambria Tail Risk ETF were worth $257,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Concourse Financial Group Securities Inc. acquired a new stake in shares of Cambria Tail Risk ETF during the third quarter valued at about $34,000. TPG Advisors LLC purchased a new stake in Cambria Tail Risk ETF during the second quarter worth about $129,000. Advisor Resource Council acquired a new stake in shares of Cambria Tail Risk ETF during the third quarter worth about $158,000. Gladstone Institutional Advisory LLC boosted its stake in shares of Cambria Tail Risk ETF by 10.0% in the third quarter. Gladstone Institutional Advisory LLC now owns 18,313 shares of the company’s stock valued at $221,000 after purchasing an additional 1,658 shares during the period. Finally, Lifeworks Advisors LLC purchased a new stake in Cambria Tail Risk ETF during the 3rd quarter worth approximately $229,000.

Cambria Tail Risk ETF Price Performance

Shares of TAIL stock opened at $11.36 on Friday. The firm has a 50 day simple moving average of $11.67 and a 200 day simple moving average of $11.82. The stock has a market cap of $78.39 million, a PE ratio of 15.87 and a beta of -0.38.

Cambria Tail Risk ETF 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.