DAVENPORT & Co LLC Raises Holdings in Cambria Emerging Shareholder Yield ETF $EYLD

DAVENPORT & Co LLC lifted its stake in Cambria Emerging Shareholder Yield ETF (BATS:EYLD) by 5.4% during the second quarter, Holdings Channel reports. The institutional investor owned 33,996 shares of the company’s stock after acquiring an additional 1,735 shares during the quarter. DAVENPORT & Co LLC’s holdings in Cambria Emerging Shareholder Yield ETF were worth $1,228,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the stock. Foster & Motley Inc. boosted its stake in shares of Cambria Emerging Shareholder Yield ETF by 7.7% in the first quarter. Foster & Motley Inc. now owns 1,067,465 shares of the company’s stock worth $33,892,000 after buying an additional 76,321 shares during the last quarter. NewEdge Advisors LLC boosted its stake in shares of Cambria Emerging Shareholder Yield ETF by 1.9% in the first quarter. NewEdge Advisors LLC now owns 733,924 shares of the company’s stock worth $23,302,000 after buying an additional 13,652 shares during the last quarter. Raymond James Financial Inc. boosted its stake in shares of Cambria Emerging Shareholder Yield ETF by 12.8% in the first quarter. Raymond James Financial Inc. now owns 658,061 shares of the company’s stock worth $20,893,000 after buying an additional 74,925 shares during the last quarter. LPL Financial LLC boosted its stake in shares of Cambria Emerging Shareholder Yield ETF by 3.0% in the first quarter. LPL Financial LLC now owns 531,033 shares of the company’s stock worth $16,860,000 after buying an additional 15,634 shares during the last quarter. Finally, ALM First Financial Advisors LLC boosted its stake in shares of Cambria Emerging Shareholder Yield ETF by 8.9% in the first quarter. ALM First Financial Advisors LLC now owns 393,249 shares of the company’s stock worth $12,486,000 after buying an additional 32,133 shares during the last quarter.

Cambria Emerging Shareholder Yield ETF Stock Up 16.6%

Shares of EYLD opened at $36.13 on Friday. The company has a market capitalization of $527.50 million, a price-to-earnings ratio of 9.92 and a beta of 0.69. The stock’s 50-day moving average price is $37.41 and its 200-day moving average price is $35.08. Cambria Emerging Shareholder Yield ETF has a 52 week low of $27.30 and a 52 week high of $37.50.

Cambria Emerging Shareholder Yield ETF Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Thursday, September 18th were given a dividend of $0.6768 per share. The ex-dividend date was Thursday, September 18th. This represents a $2.71 dividend on an annualized basis and a yield of 7.5%.

Cambria Emerging Shareholder Yield ETF Profile

The Cambria Emerging Shareholder Yield ETF (EYLD) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed to invest in emerging market stocks focused on shareholder yield, as measured by dividend payments and net share buybacks. EYLD was launched on Jul 14, 2016 and is managed by Cambria.