LPL Financial LLC Cuts Stake in Cambria Tail Risk ETF (BATS:TAIL)

LPL Financial LLC lessened its holdings in Cambria Tail Risk ETF (BATS:TAIL) by 7.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 99,563 shares of the company’s stock after selling 7,928 shares during the quarter. LPL Financial LLC owned 1.44% of Cambria Tail Risk ETF worth $1,115,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Tidal Investments LLC increased its holdings in shares of Cambria Tail Risk ETF by 13.7% in the third quarter. Tidal Investments LLC now owns 51,863 shares of the company’s stock worth $625,000 after buying an additional 6,259 shares during the period. Professional Financial Advisors LLC increased its stake in Cambria Tail Risk ETF by 3.2% in the 4th quarter. Professional Financial Advisors LLC now owns 118,540 shares of the company’s stock worth $1,328,000 after purchasing an additional 3,664 shares during the period. Proficio Capital Partners LLC purchased a new stake in shares of Cambria Tail Risk ETF during the fourth quarter valued at approximately $771,000. Finally, HighTower Advisors LLC bought a new position in shares of Cambria Tail Risk ETF in the fourth quarter worth approximately $718,000.

Cambria Tail Risk ETF Stock Up 17.8 %

BATS:TAIL opened at $13.10 on Friday. The firm has a market capitalization of $111.96 million, a P/E ratio of 27.42 and a beta of -0.29. The company has a fifty day moving average of $11.96 and a 200 day moving average of $11.56. Cambria Tail Risk ETF has a 52 week low of $10.90 and a 52 week high of $14.67.

Cambria Tail Risk ETF Company Profile

The Cambria Tail Risk ETF (TAIL) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively managed fund that holds mostly cash and treasuries while using the strategy of buying put options on the S&P 500 with the purpose of portfolio downside protection.