Cambria Tax Aware ETF (NASDAQ:TAX) Stock Price Down 0.8% – Here’s Why

Shares of Cambria Tax Aware ETF (NASDAQ:TAX) were down 0.8% during trading on Wednesday . The company traded as low as $30.71 and last traded at $30.7090. Approximately 417 shares were traded during mid-day trading, a decline of 79% from the average session volume of 1,981 shares. The stock had previously closed at $30.96.

Cambria Tax Aware ETF Price Performance

The firm has a market cap of $25.26 million, a price-to-earnings ratio of 38.51 and a beta of 0.93. The business’s 50-day moving average price is $31.17 and its two-hundred day moving average price is $29.90.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Cambria Tax Aware ETF stock. Sunbelt Securities Inc. purchased a new position in shares of Cambria Tax Aware ETF (NASDAQ:TAX) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 14,589 shares of the company’s stock, valued at approximately $404,000. Sunbelt Securities Inc. owned about 1.38% of Cambria Tax Aware ETF as of its most recent filing with the Securities and Exchange Commission (SEC). 49.01% of the stock is owned by institutional investors.

About Cambria Tax Aware ETF

The Cambria Tax Aware ETF (TAX) is an exchange-traded fund that mostly invests in total market equity. The fund actively selects US stocks with value and quality characteristics and low or no dividend yields. The fund aims to generate capital appreciation without distributing high dividend income or taxable gains. TAX was launched on Dec 18, 2024 and is issued by Cambria.