Royal Bank of Canada Buys 42,860 Shares of Cambria Shareholder Yield ETF $SYLD

Royal Bank of Canada grew its stake in shares of Cambria Shareholder Yield ETF (BATS:SYLD) by 35.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 163,901 shares of the company’s stock after buying an additional 42,860 shares during the period. Royal Bank of Canada owned approximately 1.08% of Cambria Shareholder Yield ETF worth $10,457,000 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. Center for Financial Planning Inc. bought a new position in Cambria Shareholder Yield ETF during the first quarter worth about $26,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Cambria Shareholder Yield ETF during the 4th quarter valued at about $81,000. Financial Gravity Asset Management Inc. bought a new position in shares of Cambria Shareholder Yield ETF during the 1st quarter valued at about $96,000. IFP Advisors Inc bought a new position in shares of Cambria Shareholder Yield ETF during the 1st quarter valued at about $100,000. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Cambria Shareholder Yield ETF during the 1st quarter valued at about $147,000.

Cambria Shareholder Yield ETF Price Performance

BATS:SYLD opened at $70.39 on Friday. Cambria Shareholder Yield ETF has a fifty-two week low of $54.75 and a fifty-two week high of $76.95. The stock has a market capitalization of $1.01 billion, a PE ratio of 11.01 and a beta of 1.04. The business’s 50-day simple moving average is $67.49 and its 200-day simple moving average is $64.60.

Cambria Shareholder Yield ETF Company Profile

The Cambria Shareholder Yield ETF (SYLD) is an exchange-traded fund that mostly invests in total market equity. The fund offers active exposure to US stocks with attractive cash flow characterized by dividends, shares buybacks and net debt paydown. SYLD was launched on May 14, 2013 and is managed by Cambria.