Citizens Financial Group Inc. RI Reduces Position in Cambria Tail Risk ETF $TAIL

Citizens Financial Group Inc. RI lowered its stake in Cambria Tail Risk ETF (BATS:TAIL) by 84.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 79,576 shares of the company’s stock after selling 440,947 shares during the period. Citizens Financial Group Inc. RI owned 0.96% of Cambria Tail Risk ETF worth $954,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. LPL Financial LLC grew its holdings in shares of Cambria Tail Risk ETF by 9.9% during the first quarter. LPL Financial LLC now owns 109,382 shares of the company’s stock valued at $1,289,000 after buying an additional 9,819 shares during the last quarter. Centric Wealth Management lifted its position in Cambria Tail Risk ETF by 10.3% during the 1st quarter. Centric Wealth Management now owns 28,075 shares of the company’s stock worth $331,000 after acquiring an additional 2,613 shares during the period. Professional Financial Advisors LLC grew its stake in Cambria Tail Risk ETF by 2.8% during the 2nd quarter. Professional Financial Advisors LLC now owns 150,885 shares of the company’s stock valued at $1,809,000 after purchasing an additional 4,077 shares during the last quarter. Comprehensive Money Management Services LLC increased its holdings in shares of Cambria Tail Risk ETF by 324.7% in the second quarter. Comprehensive Money Management Services LLC now owns 73,146 shares of the company’s stock valued at $877,000 after purchasing an additional 55,925 shares during the period. Finally, Mezzasalma Advisors LLC purchased a new position in shares of Cambria Tail Risk ETF in the second quarter worth about $324,000.

Cambria Tail Risk ETF Stock Up 8.0%

Cambria Tail Risk ETF stock opened at $12.01 on Wednesday. The company has a market capitalization of $99.64 million, a price-to-earnings ratio of 23.34 and a beta of -0.31. Cambria Tail Risk ETF has a 52 week low of $10.90 and a 52 week high of $14.67. The stock has a 50-day moving average price of $11.90 and a 200 day moving average price of $11.96.

Cambria Tail Risk ETF Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Thursday, September 18th were paid a $0.0476 dividend. This represents a $0.19 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Thursday, September 18th.

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.