Raymond James Financial Inc. Makes New $28.99 Million Investment in Cambria Shareholder Yield ETF (BATS:SYLD)

Raymond James Financial Inc. purchased a new stake in Cambria Shareholder Yield ETF (BATS:SYLD) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 423,409 shares of the company’s stock, valued at approximately $28,991,000.

A number of other hedge funds have also modified their holdings of SYLD. Intellus Advisors LLC purchased a new stake in Cambria Shareholder Yield ETF in the 4th quarter valued at about $32,157,000. DKM Wealth Management Inc. acquired a new position in shares of Cambria Shareholder Yield ETF in the 4th quarter worth approximately $11,447,000. LPL Financial LLC lifted its holdings in shares of Cambria Shareholder Yield ETF by 13.7% in the 4th quarter. LPL Financial LLC now owns 846,459 shares of the company’s stock worth $57,957,000 after acquiring an additional 102,245 shares during the last quarter. Heck Capital Advisors LLC purchased a new position in shares of Cambria Shareholder Yield ETF during the 4th quarter worth approximately $6,057,000. Finally, Janney Montgomery Scott LLC increased its holdings in Cambria Shareholder Yield ETF by 675.1% in the 4th quarter. Janney Montgomery Scott LLC now owns 69,492 shares of the company’s stock valued at $4,758,000 after purchasing an additional 60,527 shares during the last quarter.

Cambria Shareholder Yield ETF Stock Down 15.3 %

BATS:SYLD opened at $58.62 on Friday. Cambria Shareholder Yield ETF has a 52 week low of $54.75 and a 52 week high of $76.95. The stock’s fifty day moving average is $64.12 and its two-hundred day moving average is $68.93. The stock has a market capitalization of $929.14 million, a price-to-earnings ratio of 10.11 and a beta of 1.09.

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.