Cambria Cannabis ETF (BATS:TOKE) Shares Down 1.2% – Time to Sell?

Shares of Cambria Cannabis ETF (BATS:TOKE) were down 1.2% during mid-day trading on Friday . The stock traded as low as $5.75 and last traded at $5.78. Approximately 11,982 shares were traded during trading, a decline of 92% from the average daily volume of 152,949 shares. The stock had previously closed at $5.85.

Cambria Cannabis ETF Stock Down 1.2%

The firm has a 50 day moving average of $6.03 and a 200 day moving average of $6.01. The firm has a market cap of $14.74 million, a PE ratio of 15.43 and a beta of 1.02.

Cambria Cannabis ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Thursday, December 18th were given a dividend of $0.0235 per share. The ex-dividend date of this dividend was Thursday, December 18th. This represents a $0.09 dividend on an annualized basis and a dividend yield of 1.6%. This is a boost from Cambria Cannabis ETF’s previous quarterly dividend of $0.02.

Institutional Investors Weigh In On Cambria Cannabis ETF

Large investors have recently added to or reduced their stakes in the company. Bank of America Corp DE purchased a new stake in Cambria Cannabis ETF during the third quarter valued at about $35,000. Insight Advisors LLC PA bought a new stake in shares of Cambria Cannabis ETF in the fourth quarter valued at approximately $74,000. Primoris Wealth Advisors LLC bought a new stake in shares of Cambria Cannabis ETF in the fourth quarter valued at approximately $108,000. HRT Financial LP purchased a new stake in shares of Cambria Cannabis ETF during the 4th quarter valued at approximately $165,000. Finally, Griffin Asset Management Inc. bought a new position in Cambria Cannabis ETF in the 3rd quarter worth approximately $271,000.

About Cambria Cannabis ETF

The Cambria Cannabis ETF (TOKE) is an exchange-traded fund that is based on the Prime Alternative Harvest index. The fund is an actively-managed portfolio of globally-listed companies related to cannabis and hemp. TOKE was launched on Jul 25, 2019 and is managed by Cambria.