Cambria Value and Momentum ETF (BATS:VAMO) Stock Price Up 0.3% – Still a Buy?

Cambria Value and Momentum ETF (BATS:VAMO)’s share price was up 0.3% on Thursday . The stock traded as high as $29.85 and last traded at $29.85. Approximately 667 shares were traded during trading, The stock had previously closed at $29.75.

Cambria Value and Momentum ETF Stock Performance

The firm has a market cap of $63.98 million, a P/E ratio of 6.08 and a beta of 0.53. The stock’s 50-day moving average is $30.85 and its 200 day moving average is $29.54.

Hedge Funds Weigh In On Cambria Value and Momentum ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC acquired a new stake in Cambria Value and Momentum ETF in the 3rd quarter valued at $403,000. ALM First Financial Advisors LLC increased its position in shares of Cambria Value and Momentum ETF by 0.6% in the third quarter. ALM First Financial Advisors LLC now owns 704,505 shares of the company’s stock valued at $20,914,000 after acquiring an additional 4,505 shares during the last quarter. Finally, Delap Wealth Advisory LLC acquired a new stake in shares of Cambria Value and Momentum ETF in the second quarter valued at about $256,000.

Cambria Value and Momentum ETF Company Profile

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.