FMA Wealth Management LLC Buys Shares of 39,778 Fairlead Tactical Sector ETF (NYSEARCA:TACK)

FMA Wealth Management LLC acquired a new stake in shares of Fairlead Tactical Sector ETF (NYSEARCA:TACK) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 39,778 shares of the company’s stock, valued at approximately $986,000. Fairlead Tactical Sector ETF makes up 0.9% of FMA Wealth Management LLC’s investment portfolio, making the stock its 22nd largest position. FMA Wealth Management LLC owned approximately 0.40% of Fairlead Tactical Sector ETF at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Mariner LLC raised its stake in shares of Fairlead Tactical Sector ETF by 4.6% in the 3rd quarter. Mariner LLC now owns 458,304 shares of the company’s stock valued at $10,385,000 after purchasing an additional 20,129 shares during the period. Stock Yards Bank & Trust Co. acquired a new stake in Fairlead Tactical Sector ETF in the 4th quarter valued at approximately $211,000. Kestra Private Wealth Services LLC acquired a new position in Fairlead Tactical Sector ETF during the 4th quarter worth approximately $278,000. Cary Street Partners Investment Advisory LLC grew its stake in shares of Fairlead Tactical Sector ETF by 12.2% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 320,185 shares of the company’s stock worth $7,935,000 after acquiring an additional 34,871 shares in the last quarter. Finally, Atria Wealth Solutions Inc. bought a new stake in shares of Fairlead Tactical Sector ETF in the third quarter worth $232,000.

Fairlead Tactical Sector ETF Stock Performance

NYSEARCA TACK traded up $0.13 during trading hours on Friday, hitting $25.92. 9,273 shares of the company traded hands, compared to its average volume of 21,223. The business’s 50-day moving average is $25.77 and its 200-day moving average is $25.06. The stock has a market capitalization of $215.14 million, a price-to-earnings ratio of 8.01 and a beta of 0.60. Fairlead Tactical Sector ETF has a twelve month low of $22.23 and a twelve month high of $26.48.

Fairlead Tactical Sector ETF Profile

The Fairlead Tactical Sector Fund (TACK) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund relies on a proprietary, technical model to actively manage a US large-cap sector rotation strategy. During periods deemed risk-off, the fund toggles the exposure to short- or long-term US Treasurys or gold TACK was launched on Mar 23, 2022 and is managed by Fairlead.