ALM First Financial Advisors LLC Acquires 104,403 Shares of Cambria Global Momentum ETF (BATS:GMOM)

ALM First Financial Advisors LLC grew its holdings in Cambria Global Momentum ETF (BATS:GMOM) by 6.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,777,551 shares of the company’s stock after acquiring an additional 104,403 shares during the quarter. Cambria Global Momentum ETF accounts for 11.2% of ALM First Financial Advisors LLC’s portfolio, making the stock its 3rd largest holding. ALM First Financial Advisors LLC owned approximately 0.37% of Cambria Global Momentum ETF worth $50,572,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in GMOM. Brightwater Advisory LLC acquired a new position in shares of Cambria Global Momentum ETF in the 2nd quarter worth approximately $836,000. Financial Advocates Investment Management bought a new stake in shares of Cambria Global Momentum ETF during the third quarter worth approximately $227,000. Finally, Lifeworks Advisors LLC bought a new stake in shares of Cambria Global Momentum ETF during the 3rd quarter valued at $562,000.

Cambria Global Momentum ETF Stock Up 2.8 %

BATS:GMOM opened at $29.66 on Friday. The firm has a market capitalization of $143.87 million, a price-to-earnings ratio of 8.23 and a beta of 0.67. The firm has a fifty day moving average of $29.54 and a 200-day moving average of $29.21.

Cambria Global Momentum ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, January 2nd. Shareholders of record on Monday, December 23rd were issued a $0.0702 dividend. 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.