Pinnacle Financial Partners Inc Acquires New Position in Cambria Shareholder Yield ETF (BATS:SYLD)

Pinnacle Financial Partners Inc bought a new position in shares of Cambria Shareholder Yield ETF (BATS:SYLD) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 5,696 shares of the company’s stock, valued at approximately $412,000.

A number of other institutional investors have also modified their holdings of the stock. Financial Gravity Asset Management Inc. bought a new stake in shares of Cambria Shareholder Yield ETF in the second quarter valued at about $60,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Cambria Shareholder Yield ETF in the 2nd quarter valued at about $68,000. Hubbell Strickland Wealth Management LLC lifted its position in shares of Cambria Shareholder Yield ETF by 7.5% in the 2nd quarter. Hubbell Strickland Wealth Management LLC now owns 3,352 shares of the company’s stock worth $229,000 after purchasing an additional 233 shares during the period. Sentinel Pension Advisors Inc. bought a new position in shares of Cambria Shareholder Yield ETF during the first quarter valued at approximately $230,000. Finally, Comerica Bank increased its holdings in Cambria Shareholder Yield ETF by 61.0% during the first quarter. Comerica Bank now owns 3,702 shares of the company’s stock valued at $271,000 after buying an additional 1,403 shares during the period.

Cambria Shareholder Yield ETF Stock Down 0.4 %

Shares of BATS:SYLD opened at $73.37 on Friday. The business has a 50 day simple moving average of $71.46 and a 200 day simple moving average of $70.23. The company has a market capitalization of $1.25 billion, a P/E ratio of 7.91 and a beta of 0.89.

About Cambria Shareholder Yield ETF

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.