Cambria Shareholder Yield ETF (BATS:SYLD) Sets New 12-Month High – Should You Buy?

Cambria Shareholder Yield ETF (BATS:SYLD)’s stock price hit a new 52-week high during trading on Monday. The company traded as high as $87.37 and last traded at $87.31, with a volume of 26,999 shares traded. The stock had previously closed at $86.23.

Cambria Shareholder Yield ETF Stock Up 2.2%

The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of 11.01 and a beta of 1.04. The stock’s fifty day moving average price is $84.18 and its 200-day moving average price is $79.93.

Cambria Shareholder Yield ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 21st. Shareholders of record on Friday, September 18th were paid a $0.5046 dividend. This is a positive change from Cambria Shareholder Yield ETF’s previous quarterly dividend of $0.3403. The ex-dividend date was Friday, September 18th. This represents a $2.02 annualized dividend and a yield of 2.3%.

Institutional Investors Weigh In On Cambria Shareholder Yield ETF

A number of large investors have recently modified their holdings of the business. Empowered Funds LLC bought a new position in Cambria Shareholder Yield ETF in the first quarter worth approximately $6,858,000. Evanson Financial LLC acquired a new stake in Cambria Shareholder Yield ETF in the second quarter valued at approximately $1,304,000. Cetera Investment Advisers grew its stake in Cambria Shareholder Yield ETF by 5.0% in the first quarter. Cetera Investment Advisers now owns 250,789 shares of the company’s stock valued at $18,912,000 after acquiring an additional 11,989 shares during the period. CoreFirst Bank & Trust increased its holdings in shares of Cambria Shareholder Yield ETF by 49.8% during the first quarter. CoreFirst Bank & Trust now owns 36,671 shares of the company’s stock valued at $2,765,000 after acquiring an additional 12,184 shares in the last quarter. Finally, Revolve Wealth Partners LLC increased its holdings in shares of Cambria Shareholder Yield ETF by 2.7% during the second quarter. Revolve Wealth Partners LLC now owns 374,169 shares of the company’s stock valued at $29,592,000 after acquiring an additional 9,986 shares in the last quarter.

Cambria Shareholder Yield ETF Company 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.