Cambria Global Momentum ETF (BATS:GMOM) Position Reduced by Jane Street Group LLC

Jane Street Group LLC reduced its position in Cambria Global Momentum ETF (BATS:GMOM) by 53.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,621 shares of the company’s stock after selling 24,337 shares during the period. Jane Street Group LLC owned about 0.45% of Cambria Global Momentum ETF worth $640,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Financial Advocates Investment Management acquired a new stake in Cambria Global Momentum ETF during the 3rd quarter worth about $227,000. Lifeworks Advisors LLC acquired a new stake in shares of Cambria Global Momentum ETF during the third quarter worth approximately $562,000. Brightwater Advisory LLC acquired a new stake in shares of Cambria Global Momentum ETF during the second quarter worth approximately $836,000. Finally, ALM First Financial Advisors LLC grew its position in Cambria Global Momentum ETF by 4.6% during the third quarter. ALM First Financial Advisors LLC now owns 1,673,148 shares of the company’s stock valued at $49,525,000 after purchasing an additional 73,148 shares in the last quarter.

Cambria Global Momentum ETF Trading Up 1.2 %

Cambria Global Momentum ETF stock opened at $29.18 on Friday. The company has a fifty day moving average of $29.63 and a 200 day moving average of $29.19. The firm has a market cap of $141.52 million, a price-to-earnings ratio of 8.23 and a beta of 0.67.

Cambria Global Momentum ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, January 2nd. Investors of record on Monday, December 23rd were issued a dividend of $0.0702 per share. The ex-dividend date of this dividend was Monday, December 23rd.

Cambria Global Momentum ETF Company 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.