Lifeworks Advisors LLC Sells 435 Shares of Cambria Global Momentum ETF (BATS:GMOM)

Lifeworks Advisors LLC reduced its stake in Cambria Global Momentum ETF (BATS:GMOM) by 2.3% during the 4th quarter, Holdings Channel reports. The fund owned 18,547 shares of the company’s stock after selling 435 shares during the period. Lifeworks Advisors LLC’s holdings in Cambria Global Momentum ETF were worth $533,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of GMOM. ALM First Financial Advisors LLC grew its position in shares of Cambria Global Momentum ETF by 6.2% in the fourth quarter. ALM First Financial Advisors LLC now owns 1,777,551 shares of the company’s stock valued at $50,572,000 after purchasing an additional 104,403 shares during the last quarter. Bravias Capital Group LLC acquired a new stake in Cambria Global Momentum ETF during the 4th quarter worth approximately $6,146,000. Raymond James Financial Inc. bought a new stake in Cambria Global Momentum ETF in the 4th quarter valued at $1,996,000. Finally, Matauro LLC acquired a new position in Cambria Global Momentum ETF in the 4th quarter valued at $430,000.

Cambria Global Momentum ETF Price Performance

GMOM stock opened at $28.89 on Friday. Cambria Global Momentum ETF has a fifty-two week low of $26.62 and a fifty-two week high of $30.65. The stock has a market capitalization of $108.33 million, a price-to-earnings ratio of 15.66 and a beta of 0.42. The business’s fifty day moving average price is $29.41 and its two-hundred day moving average price is $29.45.

Cambria Global Momentum ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, January 2nd. Investors of record on Monday, December 23rd were given a dividend of $0.0702 per share. The ex-dividend date of this dividend was Monday, December 23rd.

Cambria Global Momentum ETF Company Profile

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.