Raymond James Financial Inc. Buys Shares of 423,409 Cambria Shareholder Yield ETF (BATS:SYLD)

Raymond James Financial Inc. bought a new stake in shares of Cambria Shareholder Yield ETF (BATS:SYLD) in the fourth quarter, Holdings Channel reports. The fund bought 423,409 shares of the company’s stock, valued at approximately $28,991,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Allworth Financial LP purchased a new position in shares of Cambria Shareholder Yield ETF during the fourth quarter worth about $27,000. Godsey & Gibb Inc. purchased a new position in shares of Cambria Shareholder Yield ETF during the fourth quarter worth about $35,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Cambria Shareholder Yield ETF during the fourth quarter worth about $41,000. Compass Capital Corp MA ADV purchased a new position in shares of Cambria Shareholder Yield ETF during the fourth quarter worth about $227,000. Finally, Hubbell Strickland Wealth Management LLC grew its holdings in shares of Cambria Shareholder Yield ETF by 6.1% during the fourth quarter. Hubbell Strickland Wealth Management LLC now owns 3,599 shares of the company’s stock worth $246,000 after purchasing an additional 206 shares in the last quarter.

Cambria Shareholder Yield ETF Stock Down 7.3 %

Shares of BATS SYLD opened at $64.22 on Friday. The stock’s 50 day simple moving average is $68.44 and its 200-day simple moving average is $70.54. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of 11.02 and a beta of 1.21.

Cambria Shareholder Yield ETF Profile

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.