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

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

Cambria Shareholder Yield ETF Price Performance

The firm has a market cap of $1.25 billion, a PE ratio of 11.01 and a beta of 1.04. The company’s 50 day moving average price is $84.17 and its 200 day moving average price is $79.80.

Cambria Shareholder Yield ETF Increases Dividend

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

Hedge Funds Weigh In On Cambria Shareholder Yield ETF

Several large investors have recently bought and sold shares of the business. Empowered Funds LLC acquired a new stake in shares of Cambria Shareholder Yield ETF in the 1st quarter worth $6,858,000. Evanson Financial LLC purchased a new stake in Cambria Shareholder Yield ETF during the 2nd quarter worth $1,304,000. Cetera Investment Advisers grew its stake in shares of Cambria Shareholder Yield ETF by 5.0% during 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 in the last quarter. CoreFirst Bank & Trust grew its stake in Cambria Shareholder Yield ETF by 49.8% in the first quarter. CoreFirst Bank & Trust now owns 36,671 shares of the company’s stock worth $2,765,000 after purchasing an additional 12,184 shares in the last quarter. Finally, Revolve Wealth Partners LLC boosted its stake in Cambria Shareholder Yield ETF by 2.7% in 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 during the period.

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.