D.A. Davidson & CO. Boosts Holdings in Cambria Global Value ETF $GVAL

D.A. Davidson & CO. boosted its holdings in shares of Cambria Global Value ETF (BATS:GVAL) by 92.5% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 234,069 shares of the company’s stock after buying an additional 112,473 shares during the quarter. D.A. Davidson & CO.’s holdings in Cambria Global Value ETF were worth $7,764,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. HBW Advisory Services LLC increased its stake in shares of Cambria Global Value ETF by 254.6% in the 1st quarter. HBW Advisory Services LLC now owns 41,687 shares of the company’s stock worth $1,383,000 after purchasing an additional 29,930 shares in the last quarter. Del Sette Capital Management LLC raised its stake in shares of Cambria Global Value ETF by 5.0% in the first quarter. Del Sette Capital Management LLC now owns 166,856 shares of the company’s stock worth $5,535,000 after buying an additional 7,983 shares during the period. Ascentis Independent Advisors bought a new position in shares of Cambria Global Value ETF in the first quarter worth about $66,000. Trademark Financial Management LLC bought a new position in shares of Cambria Global Value ETF in the first quarter worth about $670,000. Finally, Essex Financial Services Inc. purchased a new position in shares of Cambria Global Value ETF during the 1st quarter valued at about $372,000.

Cambria Global Value ETF Trading Down 0.9%

Shares of BATS:GVAL opened at $36.59 on Friday. The stock has a 50 day moving average of $36.02 and a 200 day moving average of $34.81. The company has a market cap of $314.67 million, a PE ratio of 10.49 and a beta of 0.76. Cambria Global Value ETF has a 12-month low of $27.32 and a 12-month high of $37.94.

About Cambria Global Value ETF

The Cambria Global Value ETF (GVAL) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed to select the top 25% of countries from a list of 45 developed and emerging economies, then selects approximately 100 securities from those countries. GVAL was launched on Mar 12, 2014 and is managed by Cambria.