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

Napa Wealth Management bought a new position in Cambria Tail Risk ETF (BATS:TAIL) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 28,043 shares of the company’s stock, valued at approximately $338,000. Napa Wealth Management owned 0.41% of Cambria Tail Risk ETF at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in TAIL. Concourse Financial Group Securities Inc. bought a new position in Cambria Tail Risk ETF during the 3rd quarter worth about $34,000. TPG Advisors LLC purchased a new position in Cambria Tail Risk ETF during the second quarter valued at approximately $129,000. Advisor Resource Council bought a new position in Cambria Tail Risk ETF in the third quarter worth approximately $158,000. Gladstone Institutional Advisory LLC lifted its holdings in Cambria Tail Risk ETF by 10.0% during the third quarter. Gladstone Institutional Advisory LLC now owns 18,313 shares of the company’s stock worth $221,000 after buying an additional 1,658 shares during the period. Finally, Lifeworks Advisors LLC purchased a new position in shares of Cambria Tail Risk ETF in the 3rd quarter valued at $229,000.

Cambria Tail Risk ETF Stock Performance

Shares of TAIL stock opened at $11.35 on Monday. The company’s fifty day moving average is $11.82 and its 200-day moving average is $11.85. The company has a market capitalization of $78.34 million, a P/E ratio of 15.87 and a beta of -0.38.

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.