Waverly Advisors LLC Reduces Position in Cambria Shareholder Yield ETF $SYLD

Waverly Advisors LLC trimmed its position in Cambria Shareholder Yield ETF (BATS:SYLD) by 16.3% during the 2nd quarter, Holdings Channel.com reports. The fund owned 35,293 shares of the company’s stock after selling 6,888 shares during the period. Waverly Advisors LLC’s holdings in Cambria Shareholder Yield ETF were worth $2,791,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SYLD. Raymond James Financial Inc. lifted its position in Cambria Shareholder Yield ETF by 4.9% during the 3rd quarter. Raymond James Financial Inc. now owns 534,253 shares of the company’s stock worth $36,682,000 after acquiring an additional 25,172 shares during the period. Revolve Wealth Partners LLC raised its stake in shares of Cambria Shareholder Yield ETF by 2.7% in the second quarter. Revolve Wealth Partners LLC now owns 374,169 shares of the company’s stock worth $29,592,000 after purchasing an additional 9,986 shares during the last quarter. Focus Partners Wealth raised its stake in shares of Cambria Shareholder Yield ETF by 2.9% in the fourth quarter. Focus Partners Wealth now owns 362,046 shares of the company’s stock worth $25,170,000 after purchasing an additional 10,291 shares during the last quarter. Compound Planning Inc. lifted its holdings in shares of Cambria Shareholder Yield ETF by 5.2% during the fourth quarter. Compound Planning Inc. now owns 277,809 shares of the company’s stock worth $19,313,000 after purchasing an additional 13,825 shares during the period. Finally, Cetera Investment Advisers lifted its holdings in shares of Cambria Shareholder Yield ETF by 5.0% during the first quarter. Cetera Investment Advisers now owns 250,789 shares of the company’s stock worth $18,912,000 after purchasing an additional 11,989 shares during the period.

Cambria Shareholder Yield ETF Stock Up 0.8%

Shares of BATS SYLD opened at $85.61 on Friday. Cambria Shareholder Yield ETF has a 52 week low of $65.26 and a 52 week high of $87.33. The business’s 50 day moving average price is $84.38 and its 200 day moving average price is $79.80. The firm has a market cap of $1.23 billion, a P/E ratio of 11.01 and a beta of 1.04.

Cambria Shareholder Yield ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 22nd. Stockholders of record on Thursday, June 18th were paid a $0.3403 dividend. The ex-dividend date was Thursday, June 18th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.6%.

Cambria Shareholder Yield ETF Profile

The Cambria Shareholder Yield ETF (SYLD) is an exchange-traded fund that mostly invests in total market equity. The fund offers active exposure to US stocks with attractive cash flow characterized by dividends, shares buybacks and net debt paydown. SYLD was launched on May 14, 2013 and is managed by Cambria.