Betterment LLC Trims Stock Holdings in Cambria Global Value ETF (BATS:GVAL)

Betterment LLC reduced its stake in shares of Cambria Global Value ETF (BATS:GVAL) by 5.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 126,116 shares of the company’s stock after selling 7,943 shares during the period. Betterment LLC owned 1.90% of Cambria Global Value ETF worth $2,560,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in GVAL. Advisor Group Holdings Inc. raised its position in shares of Cambria Global Value ETF by 34.6% during the 4th quarter. Advisor Group Holdings Inc. now owns 17,909 shares of the company’s stock valued at $359,000 after purchasing an additional 4,608 shares during the period. Pekin Hardy Strauss Inc. lifted its position in shares of Cambria Global Value ETF by 10.7% in the first quarter. Pekin Hardy Strauss Inc. now owns 24,425 shares of the company’s stock valued at $496,000 after acquiring an additional 2,369 shares in the last quarter. Morgan Stanley boosted its stake in shares of Cambria Global Value ETF by 2.3% in the fourth quarter. Morgan Stanley now owns 38,253 shares of the company’s stock worth $767,000 after acquiring an additional 875 shares during the period. Empirical Finance LLC purchased a new stake in shares of Cambria Global Value ETF during the fourth quarter worth about $1,005,000. Finally, IFG Advisory LLC raised its stake in Cambria Global Value ETF by 7.2% during the 1st quarter. IFG Advisory LLC now owns 110,115 shares of the company’s stock valued at $2,235,000 after purchasing an additional 7,408 shares during the period.

Cambria Global Value ETF Trading Up 0.7 %

BATS GVAL opened at $19.70 on Tuesday. The business has a 50 day simple moving average of $20.39 and a 200 day simple moving average of $20.41. The stock has a market cap of $131.01 million, a PE ratio of 5.00 and a beta of 0.94.

Cambria Global Value ETF Announces Dividend

The business also recently declared a dividend, which was paid on Monday, July 3rd. Shareholders of record on Friday, June 23rd were issued a $0.6643 dividend. The ex-dividend date of this dividend was Thursday, June 22nd.

Cambria Global Value ETF Company Profile

The Cambria Global Value ETF (GVAL) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed to select the top 25% of countries from a list of 45 developed and emerging economies, then selects approximately 100 securities from those countries. GVAL was launched on Mar 12, 2014 and is managed by Cambria.