Fortis Group Advisors LLC Acquires New Position in Cambria Global Value ETF $GVAL

Fortis Group Advisors LLC purchased a new position in shares of Cambria Global Value ETF (BATS:GVAL) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 58,080 shares of the company’s stock, valued at approximately $1,738,000. Fortis Group Advisors LLC owned 0.68% of Cambria Global Value ETF at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Geneos Wealth Management Inc. acquired a new stake in shares of Cambria Global Value ETF during the second quarter worth about $26,000. Beacon Capital Management Inc. purchased a new stake in shares of Cambria Global Value ETF in the second quarter valued at approximately $51,000. Private Trust Co. NA purchased a new position in shares of Cambria Global Value ETF in the 2nd quarter valued at about $155,000. Stone House Investment Management LLC acquired a new stake in shares of Cambria Global Value ETF in the 2nd quarter worth approximately $221,000. Finally, Vanguard Capital Wealth Advisors purchased a new position in Cambria Global Value ETF during the 3rd quarter valued at about $262,000.

Cambria Global Value ETF Stock Performance

Shares of BATS:GVAL opened at $35.34 on Wednesday. The business’s fifty day moving average price is $33.24 and its two-hundred day moving average price is $30.84. Cambria Global Value ETF has a one year low of $21.92 and a one year high of $36.18. The stock has a market cap of $303.92 million, a PE ratio of 10.49 and a beta of 0.76.

Cambria Global Value ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Thursday, December 18th were given a dividend of $0.2535 per share. This represents a $1.01 dividend on an annualized basis and a yield of 2.9%. This is an increase from Cambria Global Value ETF’s previous quarterly dividend of $0.21. The ex-dividend date was Thursday, December 18th.

Cambria Global Value ETF Company Profile

The Cambria Global Value ETF (GVAL) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed to select the top 25% of countries from a list of 45 developed and emerging economies, then selects approximately 100 securities from those countries. GVAL was launched on Mar 12, 2014 and is managed by Cambria.