Mebane Faber’s Cambria Funds, one of the fastest-growing issuers of actively managed exchange traded funds, added its sixth ETF Wednesday when it introduced the Cambria Value and Momentum ETF (NYSEArca: VAMO).

The new ETF invests in 100 stocks with market values above $200 million that display positive momentum and value traits.

“VAMO allows the investor to hedge the equity portfolio when the market is expensive or in a downtrend, or both. The Fund will scale the hedges up and down on a weekly basis. At launch, its two largest sectors exposures are financial and consumer discretionary stocks, and the fund is hedged approximately 100%,” according to a statement issued by California-based Cambria.

“Value factors have long been emphasized by investors as key predictors of a company’s strength. Likewise, momentum factors have historically been complementary to a portfolio sorted on value,” notes Cambria on VAMO’s web page.