Lifeworks Advisors LLC Acquires Shares of 18,982 Cambria Global Momentum ETF (BATS:GMOM)

Lifeworks Advisors LLC acquired a new stake in Cambria Global Momentum ETF (BATS:GMOM) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 18,982 shares of the company’s stock, valued at approximately $562,000.

Several other hedge funds also recently bought and sold shares of GMOM. Hobbs Group Advisors LLC bought a new position in Cambria Global Momentum ETF in the 2nd quarter valued at $40,000. Financial Advocates Investment Management bought a new position in Cambria Global Momentum ETF in the 3rd quarter valued at $227,000. Brightwater Advisory LLC bought a new position in Cambria Global Momentum ETF in the 2nd quarter valued at $836,000. Cetera Investment Advisers bought a new position in Cambria Global Momentum ETF in the 1st quarter valued at $3,039,000. Finally, ALM First Financial Advisors LLC grew its position in shares of Cambria Global Momentum ETF by 4.6% during the 3rd quarter. ALM First Financial Advisors LLC now owns 1,673,148 shares of the company’s stock worth $49,525,000 after buying an additional 73,148 shares in the last quarter.

Cambria Global Momentum ETF Stock Down 0.6 %

GMOM opened at $29.40 on Friday. The stock’s 50-day moving average price is $29.37 and its two-hundred day moving average price is $29.00. The company has a market cap of $142.60 million, a P/E 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. Stockholders of record on Monday, September 23rd were given a dividend of $0.3559 per share. This is an increase from Cambria Global Momentum ETF’s previous dividend of $0.10. The ex-dividend date of this dividend 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.