Financial Partners Group Inc Sells 56,909 Shares of Cambria Shareholder Yield ETF (BATS:SYLD)

Financial Partners Group Inc cut its holdings in Cambria Shareholder Yield ETF (BATS:SYLD) by 65.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,103 shares of the company’s stock after selling 56,909 shares during the period. Financial Partners Group Inc’s holdings in Cambria Shareholder Yield ETF were worth $2,061,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. International Assets Investment Management LLC boosted its stake in shares of Cambria Shareholder Yield ETF by 6,961.6% during the 3rd quarter. International Assets Investment Management LLC now owns 444,600 shares of the company’s stock worth $321,760,000 after acquiring an additional 438,304 shares in the last quarter. Heck Capital Advisors LLC acquired a new stake in Cambria Shareholder Yield ETF in the 4th quarter worth approximately $6,057,000. Janney Montgomery Scott LLC boosted its position in Cambria Shareholder Yield ETF by 675.1% during the fourth quarter. Janney Montgomery Scott LLC now owns 69,492 shares of the company’s stock worth $4,758,000 after purchasing an additional 60,527 shares during the period. Sanctuary Advisors LLC acquired a new position in Cambria Shareholder Yield ETF in the 2nd quarter valued at $4,247,000. Finally, Valued Retirements Inc. acquired a new stake in shares of Cambria Shareholder Yield ETF in the third quarter valued at about $3,612,000.

Cambria Shareholder Yield ETF Stock Up 1.7 %

Cambria Shareholder Yield ETF stock opened at $70.45 on Monday. The business has a 50 day simple moving average of $70.99 and a 200-day simple moving average of $71.05. The company has a market capitalization of $1.20 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.