Cambria Global Momentum ETF (BATS:GMOM) Holdings Lowered by Cetera Investment Advisers

Cetera Investment Advisers trimmed its stake in shares of Cambria Global Momentum ETF (BATS:GMOM) by 1.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 89,342 shares of the company’s stock after selling 1,201 shares during the quarter. Cetera Investment Advisers owned about 2.38% of Cambria Global Momentum ETF worth $2,554,000 as of its most recent filing with the Securities and Exchange Commission.

Separately, Raymond James Financial Inc. bought a new stake in shares of Cambria Global Momentum ETF during the 4th quarter worth about $1,996,000.

Cambria Global Momentum ETF Trading Up 1.9%

GMOM stock opened at $30.27 on Thursday. Cambria Global Momentum ETF has a 52 week low of $25.48 and a 52 week high of $30.65. The firm’s 50-day moving average is $29.68 and its two-hundred day moving average is $29.14. The company has a market capitalization of $111.98 million, a price-to-earnings ratio of 15.73 and a beta of 0.45.

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.