Tidal Investments LLC Has $625,000 Stock Holdings in Cambria Tail Risk ETF (BATS:TAIL)

Tidal Investments LLC boosted its holdings in Cambria Tail Risk ETF (BATS:TAIL) by 13.7% in the third quarter, HoldingsChannel reports. The firm owned 51,863 shares of the company’s stock after purchasing an additional 6,259 shares during the period. Tidal Investments LLC’s holdings in Cambria Tail Risk ETF were worth $625,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in TAIL. Centric Wealth Management grew its position in shares of Cambria Tail Risk ETF by 5.1% during the 3rd quarter. Centric Wealth Management now owns 22,723 shares of the company’s stock worth $257,000 after buying an additional 1,095 shares during the period. Gladstone Institutional Advisory LLC boosted its stake in Cambria Tail Risk ETF by 10.0% during the third quarter. Gladstone Institutional Advisory LLC now owns 18,313 shares of the company’s stock worth $221,000 after acquiring an additional 1,658 shares in the last quarter. Concourse Financial Group Securities Inc. acquired a new stake in Cambria Tail Risk ETF in the third quarter worth $34,000. Professional Financial Advisors LLC increased its stake in Cambria Tail Risk ETF by 8.9% in the third quarter. Professional Financial Advisors LLC now owns 114,876 shares of the company’s stock valued at $1,384,000 after purchasing an additional 9,358 shares in the last quarter. Finally, TPG Advisors LLC bought a new position in shares of Cambria Tail Risk ETF during the 2nd quarter worth about $129,000.

Cambria Tail Risk ETF Stock Performance

Shares of TAIL opened at $11.26 on Friday. The firm has a market cap of $77.69 million, a P/E ratio of 15.87 and a beta of -0.38. The company has a 50 day moving average price of $11.46 and a 200-day moving average price of $11.78.

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.