Napa Wealth Management Invests $338,000 in Cambria Tail Risk ETF (BATS:TAIL)

Napa Wealth Management bought a new position in shares of Cambria Tail Risk ETF (BATS:TAIL) during the 3rd quarter, HoldingsChannel reports. The firm bought 28,043 shares of the company’s stock, valued at approximately $338,000.

Other hedge funds also recently added to or reduced their stakes in the company. Lifeworks Advisors LLC purchased a new position in shares of Cambria Tail Risk ETF in the third quarter worth about $229,000. Advisor Resource Council acquired a new stake in Cambria Tail Risk ETF during the 3rd quarter valued at approximately $158,000. Gladstone Institutional Advisory LLC boosted its holdings in shares of Cambria Tail Risk ETF by 10.0% in the 3rd quarter. Gladstone Institutional Advisory LLC now owns 18,313 shares of the company’s stock valued at $221,000 after acquiring an additional 1,658 shares during the last quarter. ORG Partners LLC increased its stake in shares of Cambria Tail Risk ETF by 60.7% in the third quarter. ORG Partners LLC now owns 101,869 shares of the company’s stock worth $1,228,000 after acquiring an additional 38,473 shares during the period. Finally, Concourse Financial Group Securities Inc. purchased a new position in shares of Cambria Tail Risk ETF during the third quarter worth $34,000.

Cambria Tail Risk ETF Trading Up 0.6 %

Shares of TAIL stock opened at $11.35 on Monday. The firm has a market cap of $78.34 million, a PE ratio of 15.87 and a beta of -0.38. The company has a 50-day moving average of $11.82 and a 200-day moving average of $11.85.

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.