Cambria Shareholder Yield ETF (BATS:SYLD) Reaches New 12-Month High – Here’s Why

Cambria Shareholder Yield ETF (BATS:SYLD)’s share price reached a new 52-week high during trading on Monday. The stock traded as high as $87.37 and last traded at $87.31, with a volume of 26,999 shares changing hands. The stock had previously closed at $86.23.

Cambria Shareholder Yield ETF Trading Up 1.2%

The firm has a fifty day simple moving average of $84.17 and a 200 day simple moving average of $79.80. The stock has a market cap of $1.25 billion, a price-to-earnings ratio of 11.01 and a beta of 1.04.

Cambria Shareholder Yield ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 21st. Investors of record on Friday, September 18th were issued a $0.5046 dividend. This is an increase from Cambria Shareholder Yield ETF’s previous quarterly dividend of $0.3403. This represents a $2.02 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Friday, September 18th.

Institutional Investors Weigh In On Cambria Shareholder Yield ETF

Large investors have recently bought and sold shares of the company. Commonwealth Equity Services LLC bought a new position in shares of Cambria Shareholder Yield ETF during the 3rd quarter valued at about $15,476,000. MGO One Seven LLC increased its stake in Cambria Shareholder Yield ETF by 2.6% in the 3rd quarter. MGO One Seven LLC now owns 25,962 shares of the company’s stock valued at $2,092,000 after buying an additional 660 shares during the last quarter. Laurel Wealth Advisors LLC boosted its stake in shares of Cambria Shareholder Yield ETF by 0.6% during the 3rd quarter. Laurel Wealth Advisors LLC now owns 32,705 shares of the company’s stock worth $2,636,000 after buying an additional 204 shares during the last quarter. Sigma Planning Corp grew its holdings in shares of Cambria Shareholder Yield ETF by 3.6% in the 3rd quarter. Sigma Planning Corp now owns 26,186 shares of the company’s stock valued at $2,110,000 after acquiring an additional 913 shares in the last quarter. Finally, Revolve Wealth Partners LLC grew its holdings in shares of Cambria Shareholder Yield ETF by 1.4% in the 3rd quarter. Revolve Wealth Partners LLC now owns 379,428 shares of the company’s stock valued at $30,578,000 after acquiring an additional 5,259 shares in the last quarter.

Cambria Shareholder Yield ETF Company 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.