Cambria Shareholder Yield ETF (BATS:SYLD) Reaches New 52-Week High – Still a Buy?

Cambria Shareholder Yield ETF (BATS:SYLD)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $84.62 and last traded at $84.62, with a volume of 336 shares. The stock had previously closed at $82.91.

Cambria Shareholder Yield ETF Stock Performance

The firm has a fifty day moving average price of $79.87 and a 200 day moving average price of $77.29. The stock has a market cap of $1.22 billion, a PE ratio of 11.01 and a beta of 1.04.

Institutional Investors Weigh In On Cambria Shareholder Yield ETF

Institutional investors have recently added to or reduced their stakes in the business. Sound Income Strategies LLC increased its holdings in shares of Cambria Shareholder Yield ETF by 33,500.0% during the fourth quarter. Sound Income Strategies LLC now owns 336 shares of the company’s stock valued at $25,000 after acquiring an additional 335 shares in the last quarter. Kohmann Bosshard Financial Services LLC acquired a new stake in Cambria Shareholder Yield ETF in the 4th quarter worth approximately $42,000. Advisory Services Network LLC acquired a new stake in Cambria Shareholder Yield ETF in the 3rd quarter worth approximately $52,000. Tucker Asset Management LLC acquired a new stake in Cambria Shareholder Yield ETF in the 4th quarter worth approximately $63,000. Finally, Allworth Financial LP purchased a new stake in Cambria Shareholder Yield ETF during the 3rd quarter worth approximately $67,000.

About Cambria Shareholder Yield ETF

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.