Cambria Value and Momentum ETF (BATS:VAMO) Stock Price Up 0.3% – Time to Buy?

Cambria Value and Momentum ETF (BATS:VAMO) shares rose 0.3% during trading on Monday . The company traded as high as $34.99 and last traded at $34.91. Approximately 29,902 shares traded hands during trading, an increase of 93% from the average daily volume of 15,522 shares. The stock had previously closed at $34.81.

Cambria Value and Momentum ETF Stock Up 0.7%

The firm has a market cap of $63 million, a P/E ratio of 13.51 and a beta of 0.33. The stock’s 50-day simple moving average is $35.15 and its 200 day simple moving average is $34.78.

Institutional Trading of Cambria Value and Momentum ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cambria Investment Management L.P. boosted its holdings in Cambria Value and Momentum ETF by 41.2% in the third quarter. Cambria Investment Management L.P. now owns 625,547 shares of the company’s stock worth $19,713,000 after acquiring an additional 182,494 shares in the last quarter. Bravias Capital Group LLC raised its position in shares of Cambria Value and Momentum ETF by 14.0% during the fourth quarter. Bravias Capital Group LLC now owns 150,478 shares of the company’s stock worth $5,137,000 after purchasing an additional 18,525 shares during the period. Empowered Funds LLC raised its position in shares of Cambria Value and Momentum ETF by 100.8% during the fourth quarter. Empowered Funds LLC now owns 367,544 shares of the company’s stock worth $12,546,000 after purchasing an additional 184,497 shares during the period. CIBC Private Wealth Group LLC lifted its holdings in shares of Cambria Value and Momentum ETF by 5.8% in the 4th quarter. CIBC Private Wealth Group LLC now owns 11,541 shares of the company’s stock worth $394,000 after purchasing an additional 637 shares in the last quarter. Finally, LPL Financial LLC grew its position in Cambria Value and Momentum ETF by 3.4% in the 4th quarter. LPL Financial LLC now owns 109,332 shares of the company’s stock valued at $3,732,000 after purchasing an additional 3,559 shares during the period.

Cambria Value and Momentum ETF Company Profile

The Cambria Value and Momentum ETF (VAMO) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively-managed portfolio of large-, mid and small-cap US stocks selected by long-term value factors and midterm momentum factors. The managers have discretion to hedge up to 100% of the portfolio. VAMO was launched on Sep 9, 2015 and is managed by Cambria.