Cambria Value and Momentum ETF (BATS:VAMO) Stock Price Down 0.5% – What’s Next?

Cambria Value and Momentum ETF (BATS:VAMO)’s stock price dropped 0.5% during trading on Tuesday . The stock traded as low as $29.30 and last traded at $29.57. Approximately 651 shares changed hands during trading, The stock had previously closed at $29.71.

Cambria Value and Momentum ETF Trading Down 0.5 %

The firm has a market cap of $63.58 million, a price-to-earnings ratio of 6.08 and a beta of 0.53. The stock’s 50 day moving average is $29.37 and its 200 day moving average is $28.94.

Hedge Funds Weigh In On Cambria Value and Momentum ETF

An institutional investor recently bought a new position in Cambria Value and Momentum ETF stock. Delap Wealth Advisory LLC purchased a new stake in shares of Cambria Value and Momentum ETF (BATS:VAMO) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 9,262 shares of the company’s stock, valued at approximately $256,000. Delap Wealth Advisory LLC owned approximately 0.43% of Cambria Value and Momentum ETF at the end of the most recent reporting period.

About Cambria Value and Momentum ETF

The Cambria Value and Momentum ETF (VAMO) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively-managed portfolio of large-, mid and small-cap US stocks selected by long-term value factors and midterm momentum factors. The managers have discretion to hedge up to 100% of the portfolio.