Cambria Foreign Shareholder Yield ETF (FYLD)
Cambria Foreign Shareholder Yield ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Manhattan Beach, CA, US. The stock last traded at $39.81, up 0.14% on the session, giving a market capitalisation of $661.2M. Its beta of 0.62 implies it has historically moved less than the broad market.
The fund is actively managed and seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of its total assets in equity securities, including common stock and depositary receipts, issued by publicly listed companies in developed foreign markets excluding the U.S. ("developed ex-U.S."), that provide high "shareholder yield." Its investment adviser, Cambria Investment Management, L.P. ("Cambria" or the "Adviser"), defines "shareholder yield" as the totality of returns realized by an investor from a company’s cash payments for dividends, buybacks and debt paydowns.
Cambria Foreign Shareholder Yield ETF is most often compared with the following Financial Services names: