Cambria Tail Risk ETF (BATS:TAIL) Announces Dividend Increase – $0.14 Per Share

Cambria Tail Risk ETF (BATS:TAIL) announced a quarterly dividend on Wednesday, December 17th. Investors of record on Thursday, December 18th will be paid a dividend of 0.139 per share on Friday, December 19th. This represents a c) annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend is Thursday, December 18th. This is a 191.9% increase from Cambria Tail Risk ETF’s previous quarterly dividend of $0.05.

Cambria Tail Risk ETF Stock Up 4.4%

Shares of Cambria Tail Risk ETF stock traded up $0.49 during trading hours on Thursday, reaching $11.61. 11,908 shares of the company’s stock were exchanged, compared to its average volume of 196,979. Cambria Tail Risk ETF has a 1 year low of $10.90 and a 1 year high of $14.67. The company has a market capitalization of $96.32 million, a P/E ratio of 23.34 and a beta of -0.31. The business has a fifty day moving average of $11.88 and a two-hundred day moving average of $11.90.

Institutional Trading of Cambria Tail Risk ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. LPL Financial LLC increased its holdings in shares of Cambria Tail Risk ETF by 9.9% during the 1st quarter. LPL Financial LLC now owns 109,382 shares of the company’s stock worth $1,289,000 after buying an additional 9,819 shares during the last quarter. Centric Wealth Management increased its stake 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 buying an additional 2,613 shares during the period. Professional Financial Advisors LLC grew its stake in shares of Cambria Tail Risk ETF by 2.8% in the second quarter. Professional Financial Advisors LLC now owns 150,885 shares of the company’s stock worth $1,809,000 after acquiring an additional 4,077 shares in the last quarter. Comprehensive Money Management Services LLC raised its stake 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 acquiring an additional 55,925 shares in the last quarter. Finally, Mezzasalma Advisors LLC acquired a new stake in shares of Cambria Tail Risk ETF in the second quarter valued at $324,000.

Cambria Tail Risk ETF Company Profile

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.