Commonwealth Equity Services LLC Decreases Stake in Cambria Shareholder Yield ETF (BATS:SYLD)

Commonwealth Equity Services LLC lowered its stake in Cambria Shareholder Yield ETF (BATS:SYLD) by 6.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 521,398 shares of the company’s stock after selling 33,905 shares during the period. Commonwealth Equity Services LLC’s holdings in Cambria Shareholder Yield ETF were worth $35,700,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in SYLD. Apollon Wealth Management LLC raised its holdings in shares of Cambria Shareholder Yield ETF by 17.1% in the third quarter. Apollon Wealth Management LLC now owns 21,635 shares of the company’s stock worth $1,566,000 after buying an additional 3,162 shares during the last quarter. Pinnacle Financial Partners Inc purchased a new position in shares of Cambria Shareholder Yield ETF during the third quarter worth $412,000. Oppenheimer & Co. Inc. raised its holdings in shares of Cambria Shareholder Yield ETF by 2.8% during the third quarter. Oppenheimer & Co. Inc. now owns 21,642 shares of the company’s stock worth $1,566,000 after purchasing an additional 585 shares during the last quarter. MAI Capital Management raised its holdings in shares of Cambria Shareholder Yield ETF by 12.7% during the third quarter. MAI Capital Management now owns 23,218 shares of the company’s stock worth $1,680,000 after purchasing an additional 2,621 shares during the last quarter. Finally, Meridian Wealth Management LLC purchased a new position in shares of Cambria Shareholder Yield ETF during the third quarter worth $1,005,000.

Cambria Shareholder Yield ETF Trading Down 7.3 %

Shares of Cambria Shareholder Yield ETF stock opened at $64.22 on Friday. The business’s 50-day simple moving average is $68.44 and its two-hundred day simple moving average is $70.54. The stock has a market capitalization of $1.11 billion, a PE 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.