Brightwater Advisory LLC Has $340,000 Holdings in Cambria Global Momentum ETF (BATS:GMOM)

Brightwater Advisory LLC cut its position in Cambria Global Momentum ETF (BATS:GMOM) by 60.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,476 shares of the company’s stock after selling 17,842 shares during the quarter. Brightwater Advisory LLC owned about 0.24% of Cambria Global Momentum ETF worth $340,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Cetera Investment Advisers bought a new stake in Cambria Global Momentum ETF in the first quarter valued at approximately $3,039,000. ALM First Financial Advisors LLC raised its stake in Cambria Global Momentum ETF by 4.6% in the 3rd quarter. ALM First Financial Advisors LLC now owns 1,673,148 shares of the company’s stock valued at $49,525,000 after acquiring an additional 73,148 shares during the period. Hobbs Group Advisors LLC acquired a new stake in Cambria Global Momentum ETF during the 2nd quarter valued at $40,000. Arvest Investments Inc. boosted its position in Cambria Global Momentum ETF by 1.0% during the first quarter. Arvest Investments Inc. now owns 115,740 shares of the company’s stock worth $3,369,000 after purchasing an additional 1,191 shares during the period. Finally, Commonwealth Equity Services LLC increased its holdings in shares of Cambria Global Momentum ETF by 1.6% in the first quarter. Commonwealth Equity Services LLC now owns 75,821 shares of the company’s stock valued at $2,207,000 after purchasing an additional 1,172 shares during the last quarter.

Cambria Global Momentum ETF Stock Performance

Shares of GMOM stock remained flat at $29.30 during midday trading on Wednesday. 674 shares of the company traded hands. The stock’s fifty day simple moving average is $28.80 and its 200 day simple moving average is $28.85. The stock has a market capitalization of $142.11 million, a PE ratio of 8.23 and a beta of 0.67.

Cambria Global Momentum ETF Increases Dividend

The company also recently declared a dividend, which was paid on Wednesday, October 2nd. Investors of record on Monday, September 23rd were given a dividend of $0.3559 per share. This is a positive change from Cambria Global Momentum ETF’s previous dividend of $0.10. The ex-dividend date was Monday, September 23rd.

Cambria Global Momentum ETF 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.