Edge Financial Advisors LLC Invests $1.75 Million in Cambria Shareholder Yield ETF (BATS:SYLD)

Edge Financial Advisors LLC acquired a new stake in shares of Cambria Shareholder Yield ETF (BATS:SYLD) in the third quarter, Holdings Channel reports. The fund acquired 24,154 shares of the company’s stock, valued at approximately $1,748,000. Cambria Shareholder Yield ETF accounts for 1.6% of Edge Financial Advisors LLC’s investment portfolio, making the stock its 23rd biggest holding.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Financial Gravity Asset Management Inc. bought a new stake in shares of Cambria Shareholder Yield ETF in the 2nd quarter worth $60,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of Cambria Shareholder Yield ETF during the 2nd quarter worth about $68,000. Sentinel Pension Advisors Inc. acquired a new position in shares of Cambria Shareholder Yield ETF during the 1st quarter worth about $230,000. Hubbell Strickland Wealth Management LLC lifted its position in shares of Cambria Shareholder Yield ETF by 7.5% during the 2nd quarter. Hubbell Strickland Wealth Management LLC now owns 3,352 shares of the company’s stock worth $229,000 after purchasing an additional 233 shares during the last quarter. Finally, Comerica Bank raised its holdings in Cambria Shareholder Yield ETF by 61.0% in the 1st quarter. Comerica Bank now owns 3,702 shares of the company’s stock valued at $271,000 after acquiring an additional 1,403 shares in the last quarter.

Cambria Shareholder Yield ETF Stock Performance

Cambria Shareholder Yield ETF stock traded down $0.64 during trading hours on Wednesday, hitting $70.68. The stock had a trading volume of 46,559 shares. The company’s fifty day simple moving average is $71.13 and its 200-day simple moving average is $70.04. The stock has a market cap of $1.21 billion, a P/E ratio of 7.91 and a beta of 0.89.

About Cambria Shareholder Yield ETF

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.