Raymond James Financial Inc. Makes New $2 Million Investment in Cambria Global Momentum ETF (BATS:GMOM)

Raymond James Financial Inc. acquired a new position in shares of Cambria Global Momentum ETF (BATS:GMOM) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 69,467 shares of the company’s stock, valued at approximately $1,996,000.

A number of other hedge funds have also made changes to their positions in the business. Matauro LLC purchased a new stake in Cambria Global Momentum ETF during the fourth quarter worth approximately $430,000. Bravias Capital Group LLC purchased a new position in Cambria Global Momentum ETF in the fourth quarter valued at approximately $6,146,000. Finally, ALM First Financial Advisors LLC raised its holdings in Cambria Global Momentum ETF by 6.2% during the fourth quarter. ALM First Financial Advisors LLC now owns 1,777,551 shares of the company’s stock worth $50,572,000 after purchasing an additional 104,403 shares in the last quarter.

Cambria Global Momentum ETF Trading Down 1.8 %

Shares of BATS:GMOM opened at $28.34 on Monday. The firm has a 50 day simple moving average of $29.36 and a 200-day simple moving average of $29.45. Cambria Global Momentum ETF has a twelve month low of $26.62 and a twelve month high of $30.65. The company has a market capitalization of $124.70 million, a PE ratio of 15.57 and a beta of 0.42.

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.