Western Wealth Management LLC Buys New Shares in Cambria Tail Risk ETF (BATS:TAIL)

Western Wealth Management LLC purchased a new position in shares of Cambria Tail Risk ETF (BATS:TAIL) in the 1st quarter, Holdings Channel reports. The firm purchased 376,937 shares of the company’s stock, valued at approximately $4,440,000.

Other large investors also recently bought and sold shares of the company. Proficio Capital Partners LLC purchased a new stake in shares of Cambria Tail Risk ETF during the 4th quarter valued at $771,000. HighTower Advisors LLC acquired a new position in Cambria Tail Risk ETF in the fourth quarter valued at $718,000. Advisor Resource Council purchased a new stake in Cambria Tail Risk ETF during the first quarter valued at about $721,000. Cedar Wealth Management LLC acquired a new stake in Cambria Tail Risk ETF during the fourth quarter worth about $612,000. Finally, ORG Partners LLC raised its holdings in shares of Cambria Tail Risk ETF by 39.4% in the 1st quarter. ORG Partners LLC now owns 129,037 shares of the company’s stock worth $1,520,000 after purchasing an additional 36,453 shares during the period.

Cambria Tail Risk ETF Stock Up 8.1%

Shares of TAIL stock opened at $12.02 on Thursday. Cambria Tail Risk ETF has a fifty-two week low of $10.90 and a fifty-two week high of $14.67. The firm’s 50 day moving average price is $12.33 and its two-hundred day moving average price is $11.81. The stock has a market cap of $100.37 million, a price-to-earnings ratio of 23.34 and a beta of -0.31.

About Cambria Tail Risk ETF

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.