Arvest Investments Inc. Reduces Stake in Cambria Global Momentum ETF (BATS:GMOM)

Arvest Investments Inc. trimmed its stake in Cambria Global Momentum ETF (BATS:GMOM) by 9.9% during the fourth quarter, Holdings Channel reports. The fund owned 95,341 shares of the company’s stock after selling 10,439 shares during the period. Arvest Investments Inc.’s holdings in Cambria Global Momentum ETF were worth $2,739,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GMOM. ALM First Financial Advisors LLC boosted its stake in Cambria Global Momentum ETF by 6.2% in the fourth quarter. ALM First Financial Advisors LLC now owns 1,777,551 shares of the company’s stock valued at $50,572,000 after acquiring an additional 104,403 shares during the last quarter. Matauro LLC purchased a new position in Cambria Global Momentum ETF in the fourth quarter valued at about $430,000. Bravias Capital Group LLC purchased a new position in Cambria Global Momentum ETF in the fourth quarter valued at about $6,146,000. Raymond James Financial Inc. purchased a new position in Cambria Global Momentum ETF in the fourth quarter valued at about $1,996,000. Finally, GWN Securities Inc. purchased a new stake in shares of Cambria Global Momentum ETF during the 4th quarter valued at approximately $394,000.

Cambria Global Momentum ETF Trading Up 1.3 %

Shares of GMOM stock opened at $29.23 on Thursday. The stock has a market capitalization of $109.63 million, a P/E ratio of 15.66 and a beta of 0.42. The firm’s 50 day moving average is $29.38 and its 200 day moving average is $29.43. Cambria Global Momentum ETF has a 12 month low of $26.62 and a 12 month high of $30.65.

Cambria Global Momentum ETF Cuts Dividend

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

About Cambria Global Momentum ETF

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.