Napa Wealth Management Decreases Stock Holdings in Cambria Tail Risk ETF (BATS:TAIL)

Napa Wealth Management trimmed its position in shares of Cambria Tail Risk ETF (BATS:TAIL) by 55.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,356 shares of the company’s stock after selling 15,687 shares during the period. Napa Wealth Management owned approximately 0.18% of Cambria Tail Risk ETF worth $138,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of TAIL. Jane Street Group LLC raised its holdings in Cambria Tail Risk ETF by 32.0% during the 4th quarter. Jane Street Group LLC now owns 47,298 shares of the company’s stock valued at $530,000 after buying an additional 11,467 shares during the period. Centric Wealth Management raised its holdings in Cambria Tail Risk ETF by 12.1% during the 4th quarter. Centric Wealth Management now owns 25,462 shares of the company’s stock valued at $285,000 after buying an additional 2,739 shares during the period. Cedar Wealth Management LLC purchased a new stake in Cambria Tail Risk ETF during the 4th quarter valued at $612,000. HighTower Advisors LLC purchased a new stake in Cambria Tail Risk ETF during the 4th quarter valued at $718,000. Finally, Proficio Capital Partners LLC purchased a new stake in Cambria Tail Risk ETF during the 4th quarter valued at $771,000.

Cambria Tail Risk ETF Stock Performance

BATS:TAIL opened at $12.11 on Wednesday. The stock’s fifty day moving average is $12.43 and its 200 day moving average is $11.66. Cambria Tail Risk ETF has a fifty-two week low of $10.90 and a fifty-two week high of $14.67. The firm has a market capitalization of $158.64 million, a PE ratio of 23.34 and a beta of -0.31.

About Cambria Tail Risk ETF

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.