Independent Financial Group LLC Makes New Investment in Cambria Emerging Shareholder Yield ETF $EYLD

Independent Financial Group LLC bought a new stake in Cambria Emerging Shareholder Yield ETF (BATS:EYLD) during the first quarter, HoldingsChannel reports. The institutional investor bought 11,961 shares of the company’s stock, valued at approximately $495,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Bank of America Corp DE lifted its stake in Cambria Emerging Shareholder Yield ETF by 144.8% in the second quarter. Bank of America Corp DE now owns 205,626 shares of the company’s stock valued at $7,427,000 after purchasing an additional 121,628 shares during the last quarter. Raymond James Financial Inc. grew its holdings in Cambria Emerging Shareholder Yield ETF by 1.1% during the third quarter. Raymond James Financial Inc. now owns 640,973 shares of the company’s stock valued at $23,844,000 after purchasing an additional 7,226 shares during the period. Creative Planning purchased a new stake in Cambria Emerging Shareholder Yield ETF in the third quarter worth $217,000. Susquehanna International Group LLP purchased a new stake in Cambria Emerging Shareholder Yield ETF in the third quarter worth $654,000. Finally, NewEdge Advisors LLC raised its stake in shares of Cambria Emerging Shareholder Yield ETF by 16.1% in the third quarter. NewEdge Advisors LLC now owns 903,321 shares of the company’s stock valued at $33,604,000 after buying an additional 125,532 shares during the period.

Cambria Emerging Shareholder Yield ETF Price Performance

Shares of BATS EYLD opened at $45.60 on Friday. Cambria Emerging Shareholder Yield ETF has a one year low of $35.85 and a one year high of $49.82. The business’s fifty day moving average price is $46.18 and its 200-day moving average price is $43.98. The stock has a market capitalization of $665.76 million, a PE ratio of 9.92 and a beta of 0.69.

About Cambria Emerging Shareholder Yield ETF

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.