HighTower Advisors LLC Sells 4,691 Shares of Cambria Global Asset Allocation ETF (BATS:GAA)

HighTower Advisors LLC lowered its position in Cambria Global Asset Allocation ETF (BATS:GAA) by 36.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,071 shares of the company’s stock after selling 4,691 shares during the period. HighTower Advisors LLC’s holdings in Cambria Global Asset Allocation ETF were worth $239,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. IFG Advisory LLC grew its holdings in shares of Cambria Global Asset Allocation ETF by 20.4% during the second quarter. IFG Advisory LLC now owns 16,620 shares of the company’s stock worth $473,000 after purchasing an additional 2,816 shares during the last quarter. Focus Financial Network Inc. grew its holdings in Cambria Global Asset Allocation ETF by 70.1% during the 3rd quarter. Focus Financial Network Inc. now owns 123,219 shares of the company’s stock worth $3,723,000 after acquiring an additional 50,796 shares during the last quarter. Finally, StoneX Group Inc. raised its stake in shares of Cambria Global Asset Allocation ETF by 40.5% in the third quarter. StoneX Group Inc. now owns 67,812 shares of the company’s stock worth $2,049,000 after acquiring an additional 19,550 shares during the last quarter.

Cambria Global Asset Allocation ETF Price Performance

GAA opened at $28.55 on Wednesday. The stock has a market capitalization of $54.25 million, a P/E ratio of 6.65 and a beta of 0.47. The company’s 50 day simple moving average is $29.12 and its 200-day simple moving average is $29.05. Cambria Global Asset Allocation ETF has a one year low of $24.76 and a one year high of $28.60.

Cambria Global Asset Allocation ETF Cuts Dividend

The company also recently announced a dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, December 23rd will be paid a $0.0392 dividend. The ex-dividend date of this dividend is Monday, December 23rd.

About Cambria Global Asset Allocation ETF

The Cambria Global Asset Allocation ETF (GAA) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively managed fund-of-funds that provides exposure to equity, fixed-income, real estate, commodities, and currencies. The fund aims for returns and reduced volatility.