Betterment LLC Reduces Position in Cambria Global Momentum ETF (NYSEARCA:GMOM)

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Betterment LLC trimmed its holdings in shares of Cambria Global Momentum ETF (NYSEARCA:GMOM) by 6.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 552,159 shares of the company’s stock after selling 38,821 shares during the period. Betterment LLC owned approximately 12.69% of Cambria Global Momentum ETF worth $13,246,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. UBS Group AG lifted its stake in Cambria Global Momentum ETF by 802.8% during the 2nd quarter. UBS Group AG now owns 1,616 shares of the company’s stock valued at $38,000 after acquiring an additional 1,437 shares during the period. Morgan Stanley lifted its stake in Cambria Global Momentum ETF by 9.3% during the 1st quarter. Morgan Stanley now owns 11,146 shares of the company’s stock valued at $254,000 after acquiring an additional 950 shares during the period. Ausdal Financial Partners Inc. lifted its stake in Cambria Global Momentum ETF by 5.3% during the 2nd quarter. Ausdal Financial Partners Inc. now owns 11,557 shares of the company’s stock valued at $273,000 after acquiring an additional 584 shares during the period. Brookstone Capital Management lifted its stake in Cambria Global Momentum ETF by 11.1% during the 3rd quarter. Brookstone Capital Management now owns 42,431 shares of the company’s stock valued at $1,018,000 after acquiring an additional 4,230 shares during the period. Finally, Atria Investments LLC acquired a new stake in Cambria Global Momentum ETF during the 2nd quarter valued at approximately $1,130,000.

NYSEARCA GMOM traded up $0.04 on Friday, hitting $24.78. 7,993 shares of the company’s stock traded hands, compared to its average volume of 14,012. Cambria Global Momentum ETF has a 1-year low of $20.69 and a 1-year high of $26.36. The firm’s 50-day moving average price is $24.32 and its two-hundred day moving average price is $23.99.

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Institutional Ownership by Quarter for Cambria Global Momentum ETF (NYSEARCA:GMOM)

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