LPL Financial LLC Sells 50,166 Shares of Cambria Value and Momentum ETF (BATS:VAMO)

LPL Financial LLC decreased its position in shares of Cambria Value and Momentum ETF (BATS:VAMO) by 40.6% in the 2nd quarter, HoldingsChannel reports. The firm owned 73,347 shares of the company’s stock after selling 50,166 shares during the quarter. LPL Financial LLC’s holdings in Cambria Value and Momentum ETF were worth $1,888,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of VAMO. Legacy Capital Group California Inc. bought a new stake in Cambria Value and Momentum ETF during the first quarter worth about $1,402,000. Jane Street Group LLC bought a new position in shares of Cambria Value and Momentum ETF in the first quarter worth about $1,199,000. Equitable Holdings Inc. bought a new position in shares of Cambria Value and Momentum ETF in the fourth quarter worth about $1,029,000. Cetera Advisor Networks LLC bought a new position in shares of Cambria Value and Momentum ETF in the fourth quarter worth about $588,000. Finally, Jaffetilchin Investment Partners LLC bought a new position in shares of Cambria Value and Momentum ETF in the first quarter worth about $324,000.

Cambria Value and Momentum ETF Trading Up 0.4 %

VAMO stock opened at $25.83 on Monday. The stock has a market capitalization of $54.24 million, a P/E ratio of 5.93 and a beta of 0.34. Cambria Value and Momentum ETF has a 12 month low of $22.88 and a 12 month high of $28.07. The firm has a 50-day moving average price of $26.15 and a 200-day moving average price of $25.69.

Cambria Value and Momentum ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Monday, October 2nd. Stockholders of record on Friday, September 22nd were issued a $0.0345 dividend. The ex-dividend date of this dividend was Thursday, September 21st.

Cambria Value and Momentum ETF Company Profile

The Cambria Value and Momentum ETF (VAMO) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively-managed portfolio of large-, mid and small-cap US stocks selected by long-term value factors and midterm momentum factors. The managers have discretion to hedge up to 100% of the portfolio.