Cambria Tail Risk ETF (TAIL) to Distribute Quarterly Dividend of $0.08 on September 21st

Cambria Tail Risk ETF (BATS:TAIL) announced a quarterly dividend on Thursday, September 17th. Shareholders of record on Friday, September 18th will be paid a dividend of 0.0844 per share on Monday, September 21st. This represents a c) dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Friday, September 18th. This is a 77.0% increase from Cambria Tail Risk ETF’s previous quarterly dividend of $0.05.

Cambria Tail Risk ETF Trading Down 1.4%

TAIL stock opened at $9.96 on Friday. The firm has a 50 day moving average of $10.35 and a 200-day moving average of $10.83. Cambria Tail Risk ETF has a 12-month low of $9.96 and a 12-month high of $12.19. The company has a market cap of $82.67 million, a price-to-earnings ratio of 23.34 and a beta of -0.31.

Hedge Funds Weigh In On Cambria Tail Risk ETF

Large investors have recently bought and sold shares of the stock. Beaumont Financial Advisors LLC purchased a new position in shares of Cambria Tail Risk ETF in the 1st quarter worth about $8,323,000. Ferguson Shapiro LLC acquired a new stake in Cambria Tail Risk ETF during the 1st quarter worth approximately $1,810,000. HighTower Advisors LLC purchased a new position in Cambria Tail Risk ETF in the fourth quarter valued at approximately $12,017,000. Ascentis Independent Advisors purchased a new position in Cambria Tail Risk ETF in the first quarter valued at approximately $960,000. Finally, ZEGA Investments LLC lifted its position in Cambria Tail Risk ETF by 47.3% during the second quarter. ZEGA Investments LLC now owns 57,935 shares of the company’s stock valued at $616,000 after buying an additional 18,607 shares in the last quarter.

Cambria Tail Risk ETF Company Profile

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. TAIL was launched on Apr 6, 2017 and is managed by Cambria.