Southland Equity Partners LLC Decreases Stock Position in Cambria Tail Risk ETF (BATS:TAIL)

Southland Equity Partners LLC cut its holdings in Cambria Tail Risk ETF (BATS:TAIL) by 60.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 10,921 shares of the company’s stock after selling 16,835 shares during the quarter. Southland Equity Partners LLC owned about 0.08% of Cambria Tail Risk ETF worth $132,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Significant Wealth Partners LLC purchased a new stake in Cambria Tail Risk ETF in the fourth quarter valued at about $1,265,000. Centric Wealth Management purchased a new stake in Cambria Tail Risk ETF in the fourth quarter valued at about $240,000. Cary Street Partners Investment Advisory LLC purchased a new stake in Cambria Tail Risk ETF in the fourth quarter valued at about $147,000. Citizens Financial Group Inc. RI purchased a new stake in Cambria Tail Risk ETF in the fourth quarter valued at about $10,032,000. Finally, Mid American Wealth Advisory Group Inc. raised its stake in shares of Cambria Tail Risk ETF by 8.1% in the fourth quarter. Mid American Wealth Advisory Group Inc. now owns 369,138 shares of the company’s stock worth $4,618,000 after purchasing an additional 27,636 shares during the last quarter.

Cambria Tail Risk ETF Stock Performance

Shares of BATS:TAIL opened at $11.73 on Tuesday. The stock has a market capitalization of $80.94 million, a PE ratio of 15.87 and a beta of -0.38. The business has a 50-day moving average price of $11.78 and a 200-day moving average price of $12.20.

Cambria Tail Risk ETF Profile

The Cambria Tail Risk ETF (TAIL) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively managed fund that holds mostly cash and treasuries while using the strategy of buying put options on the S&P 500 with the purpose of portfolio downside protection.