Raymond James & Associates Sells 4,470 Shares of Cambria Global Momentum ETF (BATS:GMOM)

Raymond James & Associates lessened its stake in Cambria Global Momentum ETF (BATS:GMOM) by 27.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,570 shares of the company’s stock after selling 4,470 shares during the quarter. Raymond James & Associates’ holdings in Cambria Global Momentum ETF were worth $318,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Lincoln National Corp grew its holdings in Cambria Global Momentum ETF by 18.3% during the third quarter. Lincoln National Corp now owns 46,626 shares of the company’s stock valued at $1,256,000 after purchasing an additional 7,209 shares during the period. Commonwealth Equity Services LLC lifted its position in shares of Cambria Global Momentum ETF by 9.3% in the third quarter. Commonwealth Equity Services LLC now owns 71,815 shares of the company’s stock worth $1,935,000 after purchasing an additional 6,111 shares in the last quarter. Mutual Advisors LLC lifted its position in shares of Cambria Global Momentum ETF by 29.2% in the third quarter. Mutual Advisors LLC now owns 15,562 shares of the company’s stock worth $419,000 after purchasing an additional 3,515 shares in the last quarter. Finally, Tempus Wealth Planning LLC increased its holdings in Cambria Global Momentum ETF by 3.3% during the third quarter. Tempus Wealth Planning LLC now owns 17,549 shares of the company’s stock worth $473,000 after buying an additional 560 shares during the last quarter.

Cambria Global Momentum ETF Stock Performance

Shares of GMOM opened at $28.55 on Monday. The firm has a market capitalization of $141.30 million, a P/E ratio of 7.97 and a beta of 0.64. The stock’s fifty day moving average price is $28.58 and its two-hundred day moving average price is $27.57.

About Cambria Global Momentum ETF

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.