Soltis Investment Advisors LLC Has $2.56 Million Stock Position in Cambria Tail Risk ETF $TAIL

Soltis Investment Advisors LLC lessened its stake in Cambria Tail Risk ETF (BATS:TAIL) by 56.4% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 213,481 shares of the company’s stock after selling 276,331 shares during the quarter. Soltis Investment Advisors LLC’s holdings in Cambria Tail Risk ETF were worth $2,560,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in TAIL. Mutual Advisors LLC acquired a new stake in shares of Cambria Tail Risk ETF during the first quarter worth $164,000. BlueChip Wealth Advisors LLC bought a new stake in shares of Cambria Tail Risk ETF in the second quarter valued at about $205,000. Envestnet Asset Management Inc. acquired a new position in shares of Cambria Tail Risk ETF during the second quarter worth about $324,000. Mezzasalma Advisors LLC bought a new position in shares of Cambria Tail Risk ETF during the second quarter worth about $324,000. Finally, Centric Wealth Management raised its position in Cambria Tail Risk ETF by 10.3% in the 1st quarter. Centric Wealth Management now owns 28,075 shares of the company’s stock valued at $331,000 after buying an additional 2,613 shares during the last quarter.

Cambria Tail Risk ETF Stock Performance

BATS TAIL opened at $11.79 on Thursday. The stock has a market capitalization of $97.82 million, a price-to-earnings ratio of 23.34 and a beta of -0.31. Cambria Tail Risk ETF has a 52 week low of $10.90 and a 52 week high of $14.67. The stock’s 50 day moving average price is $11.90 and its two-hundred day moving average price is $12.02.

Cambria Tail Risk ETF Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Thursday, September 18th were issued a $0.0476 dividend. This represents a $0.19 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Thursday, September 18th.

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.