Lifeworks Advisors LLC Acquires New Position in Cambria Global Momentum ETF (BATS:GMOM)

Lifeworks Advisors LLC purchased a new position in Cambria Global Momentum ETF (BATS:GMOM) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 18,982 shares of the company’s stock, valued at approximately $562,000. Lifeworks Advisors LLC owned approximately 0.39% of Cambria Global Momentum ETF at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in GMOM. Cetera Investment Advisers purchased a new position in Cambria Global Momentum ETF in the 1st quarter worth approximately $3,039,000. ALM First Financial Advisors LLC lifted its holdings in Cambria Global Momentum ETF by 4.6% in the 3rd quarter. ALM First Financial Advisors LLC now owns 1,673,148 shares of the company’s stock worth $49,525,000 after purchasing an additional 73,148 shares in the last quarter. Brightwater Advisory LLC purchased a new position in Cambria Global Momentum ETF in the 2nd quarter worth approximately $836,000. Financial Advocates Investment Management purchased a new position in Cambria Global Momentum ETF in the 3rd quarter worth approximately $227,000. Finally, Hobbs Group Advisors LLC purchased a new position in Cambria Global Momentum ETF in the 2nd quarter worth approximately $40,000.

Cambria Global Momentum ETF Trading Down 0.6 %

BATS GMOM opened at $29.40 on Friday. The business has a 50 day simple moving average of $29.37 and a 200 day simple moving average of $29.00. The stock has a market cap of $142.60 million, a PE ratio of 8.23 and a beta of 0.67.

Cambria Global Momentum ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Monday, September 23rd were issued a dividend of $0.3559 per share. This is a boost from Cambria Global Momentum ETF’s previous dividend of $0.10. The ex-dividend date was Monday, September 23rd.

Cambria Global Momentum ETF Company Profile

The Cambria Global Momentum ETF (GMOM) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively-managed fund that selects approximately 17 ETFs, across various asset classes, based on price momentum. The fund aims for capital appreciation rather than income.