UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Invests $81,000 in Cambria Shareholder Yield ETF (BATS:SYLD)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Cambria Shareholder Yield ETF (BATS:SYLD) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 1,187 shares of the company’s stock, valued at approximately $81,000.

A number of other hedge funds and other institutional investors have also modified their holdings of SYLD. Bank of America Corp DE boosted its position in Cambria Shareholder Yield ETF by 3.8% during the 4th quarter. Bank of America Corp DE now owns 136,213 shares of the company’s stock worth $9,326,000 after acquiring an additional 4,945 shares during the period. Atria Wealth Solutions Inc. lifted its position in shares of Cambria Shareholder Yield ETF by 63.4% in the fourth quarter. Atria Wealth Solutions Inc. now owns 7,506 shares of the company’s stock worth $514,000 after purchasing an additional 2,911 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Cambria Shareholder Yield ETF by 53.1% during the fourth quarter. Wells Fargo & Company MN now owns 173,736 shares of the company’s stock worth $11,896,000 after purchasing an additional 60,266 shares during the period. Independent Advisor Alliance acquired a new position in Cambria Shareholder Yield ETF in the 4th quarter valued at approximately $219,000. Finally, ZEGA Investments LLC acquired a new position in Cambria Shareholder Yield ETF in the 4th quarter valued at approximately $407,000.

Cambria Shareholder Yield ETF Stock Down 6.9%

SYLD stock opened at $64.46 on Friday. The company has a 50 day moving average of $61.74 and a two-hundred day moving average of $66.21. Cambria Shareholder Yield ETF has a 12-month low of $54.75 and a 12-month high of $76.95. The company has a market cap of $966.92 million, a price-to-earnings ratio of 11.21 and a beta of 1.05.

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.