Cambria Shareholder Yield ETF (SYLD)
Cambria 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 $85.28, up 0.24% on the session, giving a market capitalisation of $959.9M. Its beta of 0.74 implies it has historically moved less than the broad market.
SYLD actively selects US stocks that exhibit high shareholder yield which is calculated by considering companys cash flow measures. Selection starts with the top 20% stocks by combining two popular themes dividend payments and share buybacks. The funds quantitative algorithm then factors in the debt paydowns of the remaining stocks and applies valuation factors. The top 100 stocks that represents the best combination of shareholder yield characteristics and value metrics forms the final portfolio. The fund equal weights its holdings during normal market condition, and is rebalanced and reconstituted quarterly. SYLD generally holds large-caps, but may invest in small- and midcap stocks. Prior to March 26, 2018, the fund was actively managed, and prior to June 1, 2020, it tracked Cambria Shareholder Yield Index.
Cambria Shareholder Yield ETF is most often compared with the following Financial Services names: