Cambria Value and Momentum ETF (BATS:VAMO) Stock Falls 0.6% – Time to Sell?

Shares of Cambria Value and Momentum ETF (BATS:VAMO) fell 0.6% during mid-day trading on Friday. The company traded as low as $35.29 and last traded at $35.29. Approximately 2,136 shares traded hands during trading, a decline of 90% from the average daily volume of 21,150 shares. The stock had previously closed at $35.50.

Cambria Value and Momentum ETF Stock Performance

The firm has a fifty day moving average price of $36.33 and a 200 day moving average price of $35.85. The stock has a market cap of $63.52 million, a PE ratio of 13.51 and a beta of 0.33.

Cambria Value and Momentum ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 21st. Investors of record on Friday, September 18th were given a dividend of $0.0768 per share. The ex-dividend date of this dividend was Friday, September 18th. This represents a $0.31 annualized dividend and a yield of 0.9%. This is an increase from Cambria Value and Momentum ETF’s previous quarterly dividend of $0.0458.

Institutional Investors Weigh In On Cambria Value and Momentum ETF

Institutional investors have recently added to or reduced their stakes in the business. Bravias Capital Group LLC grew its stake in shares of Cambria Value and Momentum ETF by 16.1% during the first quarter. Bravias Capital Group LLC now owns 174,706 shares of the company’s stock worth $6,199,000 after acquiring an additional 24,228 shares during the last quarter. Empowered Funds LLC increased its holdings in shares of Cambria Value and Momentum ETF by 1.7% during the first quarter. Empowered Funds LLC now owns 373,942 shares of the company’s stock valued at $13,267,000 after acquiring an additional 6,398 shares in the last quarter. Finally, ALM First Financial Advisors LLC raised its position in shares of Cambria Value and Momentum ETF by 65.1% in the 2nd quarter. ALM First Financial Advisors LLC now owns 1,429,000 shares of the company’s stock valued at $51,344,000 after purchasing an additional 563,571 shares during the last quarter.

Cambria Value and Momentum ETF Company Profile

The Cambria Value and Momentum ETF (VAMO) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively-managed portfolio of large-, mid and small-cap US stocks selected by long-term value factors and midterm momentum factors. The managers have discretion to hedge up to 100% of the portfolio. VAMO was launched on Sep 9, 2015 and is managed by Cambria.