Envestnet Asset Management Inc. Takes Position in Cambria Global Value ETF $GVAL

Envestnet Asset Management Inc. acquired a new stake in Cambria Global Value ETF (BATS:GVAL) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 36,778 shares of the company’s stock, valued at approximately $1,075,000. Envestnet Asset Management Inc. owned approximately 0.43% of Cambria Global Value ETF as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. purchased a new position in Cambria Global Value ETF in the 2nd quarter valued at approximately $26,000. Beacon Capital Management Inc. purchased a new position in Cambria Global Value ETF in the second quarter valued at $51,000. Private Trust Co. NA grew its stake in Cambria Global Value ETF by 8.9% during the 3rd quarter. Private Trust Co. NA now owns 6,206 shares of the company’s stock worth $181,000 after purchasing an additional 508 shares in the last quarter. Stone House Investment Management LLC purchased a new stake in Cambria Global Value ETF during the 2nd quarter worth about $221,000. Finally, Vanguard Capital Wealth Advisors purchased a new stake in Cambria Global Value ETF during the 3rd quarter worth about $262,000.

Cambria Global Value ETF Stock Performance

Shares of GVAL opened at $33.50 on Wednesday. The stock has a 50-day simple moving average of $34.06 and a 200-day simple moving average of $31.33. The stock has a market capitalization of $288.10 million, a PE ratio of 10.49 and a beta of 0.76. Cambria Global Value ETF has a 1 year low of $21.92 and a 1 year high of $36.18.

Cambria Global Value ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Thursday, December 18th were paid a $0.2535 dividend. This is an increase from Cambria Global Value ETF’s previous quarterly dividend of $0.21. This represents a $1.01 dividend on an annualized basis and a yield of 3.0%. 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.