Pinnacle Financial Partners Inc Takes $412,000 Position in Cambria Shareholder Yield ETF (BATS:SYLD)

Pinnacle Financial Partners Inc acquired a new position in Cambria Shareholder Yield ETF (BATS:SYLD) during the third quarter, HoldingsChannel.com reports. The fund acquired 5,696 shares of the company’s stock, valued at approximately $412,000.

Several other large investors have also recently modified their holdings of SYLD. Financial Gravity Asset Management Inc. purchased a new stake in Cambria Shareholder Yield ETF in the second quarter valued at about $60,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Cambria Shareholder Yield ETF during the second quarter worth about $68,000. Sentinel Pension Advisors Inc. acquired a new position in shares of Cambria Shareholder Yield ETF during the first quarter valued at about $230,000. Hubbell Strickland Wealth Management LLC raised its position in shares of Cambria Shareholder Yield ETF by 7.5% in the 2nd quarter. Hubbell Strickland Wealth Management LLC now owns 3,352 shares of the company’s stock valued at $229,000 after purchasing an additional 233 shares during the last quarter. Finally, Comerica Bank boosted its stake in Cambria Shareholder Yield ETF by 61.0% in the 1st quarter. Comerica Bank now owns 3,702 shares of the company’s stock worth $271,000 after purchasing an additional 1,403 shares in the last quarter.

Cambria Shareholder Yield ETF Price Performance

Shares of Cambria Shareholder Yield ETF stock opened at $73.37 on Friday. The company’s 50-day moving average is $71.46 and its 200 day moving average is $70.23. The firm has a market cap of $1.25 billion, a price-to-earnings ratio of 7.91 and a beta of 0.89.

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.