Arvest Investments Inc. Sells 10,439 Shares of Cambria Global Momentum ETF (BATS:GMOM)

Arvest Investments Inc. cut its holdings in shares of Cambria Global Momentum ETF (BATS:GMOM) by 9.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 95,341 shares of the company’s stock after selling 10,439 shares during the period. Arvest Investments Inc. owned approximately 1.97% of Cambria Global Momentum ETF worth $2,739,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. ALM First Financial Advisors LLC increased its position in shares of Cambria Global Momentum ETF by 6.2% during the fourth quarter. ALM First Financial Advisors LLC now owns 1,777,551 shares of the company’s stock worth $50,572,000 after acquiring an additional 104,403 shares in the last quarter. Bravias Capital Group LLC bought a new stake in shares of Cambria Global Momentum ETF during the fourth quarter worth about $6,146,000. Raymond James Financial Inc. bought a new stake in shares of Cambria Global Momentum ETF during the fourth quarter worth about $1,996,000. Matauro LLC bought a new stake in Cambria Global Momentum ETF in the 4th quarter worth about $430,000. Finally, GWN Securities Inc. bought a new stake in Cambria Global Momentum ETF in the 4th quarter worth about $394,000.

Cambria Global Momentum ETF Stock Performance

Shares of GMOM stock opened at $29.23 on Thursday. Cambria Global Momentum ETF has a 52-week low of $26.62 and a 52-week high of $30.65. The company has a 50-day simple moving average of $29.38 and a two-hundred day simple moving average of $29.43. The company has a market capitalization of $109.63 million, a price-to-earnings ratio of 15.66 and a beta of 0.42.

Cambria Global Momentum ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, January 2nd. Shareholders of record on Monday, December 23rd were given a $0.0702 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

About Cambria Global Momentum ETF

The Cambria Global Momentum ETF (GMOM) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively-managed fund that selects approximately 17 ETFs, across various asset classes, based on price momentum. The fund aims for capital appreciation rather than income.