Advisor Resource Council Lowers Stock Position in Cambria Tail Risk ETF (BATS:TAIL)

Advisor Resource Council lessened its holdings in Cambria Tail Risk ETF (BATS:TAIL) by 81.7% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 13,113 shares of the company’s stock after selling 58,431 shares during the period. Advisor Resource Council owned about 0.18% of Cambria Tail Risk ETF worth $168,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of TAIL. Cary Street Partners Investment Advisory LLC purchased a new stake in shares of Cambria Tail Risk ETF in the 4th quarter worth approximately $147,000. Centric Wealth Management purchased a new stake in shares of Cambria Tail Risk ETF in the 4th quarter worth approximately $240,000. InterOcean Capital Group LLC lifted its position in shares of Cambria Tail Risk ETF by 15.2% in the 4th quarter. InterOcean Capital Group LLC now owns 28,646 shares of the company’s stock worth $367,000 after purchasing an additional 3,784 shares during the period. &PARTNERS purchased a new stake in shares of Cambria Tail Risk ETF in the 1st quarter worth approximately $510,000. Finally, Professional Financial Advisors LLC lifted its position in shares of Cambria Tail Risk ETF by 9.3% in the 4th quarter. Professional Financial Advisors LLC now owns 88,394 shares of the company’s stock worth $1,132,000 after purchasing an additional 7,522 shares during the period.

Cambria Tail Risk ETF Price Performance

BATS:TAIL traded up $0.06 during midday trading on Thursday, reaching $11.53. 26,010 shares of the stock traded hands. The company has a market cap of $79.58 million, a PE ratio of 15.87 and a beta of -0.38. The firm has a 50-day moving average price of $11.74 and a 200-day moving average price of $12.14.

Cambria Tail Risk ETF Company Profile

The Cambria Tail Risk ETF (TAIL) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively managed fund that holds mostly cash and treasuries while using the strategy of buying put options on the S&P 500 with the purpose of portfolio downside protection.