Raymond James & Associates Raises Stake in Cambria Shareholder Yield ETF (BATS:SYLD)

Raymond James & Associates increased its position in shares of Cambria Shareholder Yield ETF (BATS:SYLD) by 8.4% during the second quarter, Holdings Channel reports. The fund owned 670,340 shares of the company’s stock after acquiring an additional 51,776 shares during the quarter. Raymond James & Associates’ holdings in Cambria Shareholder Yield ETF were worth $45,771,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Truist Financial Corp boosted its holdings in shares of Cambria Shareholder Yield ETF by 3.6% during the fourth quarter. Truist Financial Corp now owns 31,954 shares of the company’s stock worth $2,159,000 after purchasing an additional 1,116 shares during the last quarter. Cetera Advisors LLC boosted its holdings in shares of Cambria Shareholder Yield ETF by 69.9% in the 1st quarter. Cetera Advisors LLC now owns 16,329 shares of the company’s stock valued at $1,196,000 after purchasing an additional 6,720 shares during the last quarter. Certified Advisory Corp grew its stake in shares of Cambria Shareholder Yield ETF by 0.3% during the 4th quarter. Certified Advisory Corp now owns 67,385 shares of the company’s stock valued at $4,553,000 after buying an additional 217 shares during the period. Apollon Wealth Management LLC grew its stake in shares of Cambria Shareholder Yield ETF by 198.7% during the 4th quarter. Apollon Wealth Management LLC now owns 18,035 shares of the company’s stock valued at $1,219,000 after buying an additional 11,998 shares during the period. Finally, Steward Partners Investment Advisory LLC increased its holdings in shares of Cambria Shareholder Yield ETF by 39.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 29,730 shares of the company’s stock worth $2,009,000 after buying an additional 8,441 shares during the last quarter.

Cambria Shareholder Yield ETF Price Performance

Shares of BATS:SYLD opened at $69.65 on Monday. The stock’s 50 day moving average price is $69.07 and its 200-day moving average price is $69.66. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of 7.91 and a beta of 0.89.

About Cambria Shareholder Yield ETF

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.