Ascentis Independent Advisors Takes Position in Cambria Tail Risk ETF $TAIL

Ascentis Independent Advisors acquired a new stake in Cambria Tail Risk ETF (BATS:TAIL) in the 1st quarter, HoldingsChannel.com reports. The firm acquired 81,996 shares of the company’s stock, valued at approximately $960,000.

A number of other large investors have also recently bought and sold shares of TAIL. Global Retirement Partners LLC increased its position in Cambria Tail Risk ETF by 224.4% during the fourth quarter. Global Retirement Partners LLC now owns 4,620 shares of the company’s stock worth $53,000 after buying an additional 3,196 shares during the last quarter. Osaic Holdings Inc. lifted its position in shares of Cambria Tail Risk ETF by 864.1% in the second quarter. Osaic Holdings Inc. now owns 7,173 shares of the company’s stock worth $86,000 after buying an additional 6,429 shares during the last quarter. Bank of Montreal Can acquired a new stake in shares of Cambria Tail Risk ETF in the fourth quarter worth about $115,000. Principal Securities Inc. lifted its position in shares of Cambria Tail Risk ETF by 202.4% in the fourth quarter. Principal Securities Inc. now owns 10,099 shares of the company’s stock worth $116,000 after buying an additional 6,759 shares during the last quarter. Finally, MML Investors Services LLC bought a new stake in shares of Cambria Tail Risk ETF during the 4th quarter worth about $123,000.

Cambria Tail Risk ETF Stock Performance

Shares of BATS TAIL opened at $10.58 on Wednesday. The firm has a market cap of $87.81 million, a price-to-earnings ratio of 23.34 and a beta of -0.31. The business’s 50-day simple moving average is $10.76 and its 200-day simple moving average is $11.25. Cambria Tail Risk ETF has a 52 week low of $10.57 and a 52 week high of $12.19.

Cambria Tail Risk ETF 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. TAIL was launched on Apr 6, 2017 and is managed by Cambria.