Cedar Wealth Management LLC Purchases New Stake in Cambria Tail Risk ETF (BATS:TAIL)

Cedar Wealth Management LLC purchased a new stake in Cambria Tail Risk ETF (BATS:TAIL) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 54,675 shares of the company’s stock, valued at approximately $612,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of TAIL. Centric Wealth Management raised its stake in Cambria Tail Risk ETF by 5.1% in the third quarter. Centric Wealth Management now owns 22,723 shares of the company’s stock valued at $257,000 after purchasing an additional 1,095 shares in the last quarter. Soltis Investment Advisors LLC raised its stake in Cambria Tail Risk ETF by 18.5% in the third quarter. Soltis Investment Advisors LLC now owns 182,693 shares of the company’s stock valued at $2,201,000 after purchasing an additional 28,551 shares in the last quarter. Tidal Investments LLC raised its stake in Cambria Tail Risk ETF by 13.7% during the third quarter. Tidal Investments LLC now owns 51,863 shares of the company’s stock worth $625,000 after acquiring an additional 6,259 shares in the last quarter. Professional Financial Advisors LLC raised its stake in Cambria Tail Risk ETF by 3.2% during the fourth quarter. Professional Financial Advisors LLC now owns 118,540 shares of the company’s stock worth $1,328,000 after acquiring an additional 3,664 shares in the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in Cambria Tail Risk ETF during the fourth quarter worth about $771,000.

Cambria Tail Risk ETF Trading Up 4.5 %

Shares of BATS TAIL opened at $11.62 on Friday. The company has a market cap of $69.72 million, a price-to-earnings ratio of 27.85 and a beta of -0.36. Cambria Tail Risk ETF has a 12 month low of $10.90 and a 12 month high of $13.99. The stock has a 50-day moving average price of $11.28 and a two-hundred day moving average price of $11.49.

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.