NBZ Investment Advisors LLC Invests $6.96 Million in Fairlead Tactical Sector ETF (NYSEARCA:TACK)

NBZ Investment Advisors LLC bought a new stake in Fairlead Tactical Sector ETF (NYSEARCA:TACK) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 254,436 shares of the company’s stock, valued at approximately $6,959,000. Fairlead Tactical Sector ETF comprises approximately 3.9% of NBZ Investment Advisors LLC’s holdings, making the stock its 11th largest holding. NBZ Investment Advisors LLC owned 3.07% of Fairlead Tactical Sector ETF at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. IFP Advisors Inc lifted its position in Fairlead Tactical Sector ETF by 149.5% during the fourth quarter. IFP Advisors Inc now owns 3,867 shares of the company’s stock valued at $106,000 after buying an additional 2,317 shares in the last quarter. HighTower Advisors LLC grew its holdings in shares of Fairlead Tactical Sector ETF by 262.5% during the third quarter. HighTower Advisors LLC now owns 58,751 shares of the company’s stock valued at $1,653,000 after buying an additional 42,546 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in Fairlead Tactical Sector ETF by 4.7% in the fourth quarter. Commonwealth Equity Services LLC now owns 304,512 shares of the company’s stock worth $8,328,000 after buying an additional 13,671 shares during the last quarter. Verity Asset Management Inc. acquired a new position in Fairlead Tactical Sector ETF during the 4th quarter worth $247,000. Finally, Creative Financial Designs Inc. ADV acquired a new position in shares of Fairlead Tactical Sector ETF during the 4th quarter worth about $107,000.

Fairlead Tactical Sector ETF Stock Down 0.4 %

Fairlead Tactical Sector ETF stock opened at $27.28 on Friday. The stock has a market cap of $215.24 million, a price-to-earnings ratio of 21.81 and a beta of 0.56. Fairlead Tactical Sector ETF has a 12 month low of $24.85 and a 12 month high of $29.99. The business has a 50 day moving average price of $27.88 and a two-hundred day moving average price of $28.00.

Fairlead Tactical Sector ETF Cuts Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Thursday, March 27th will be given a dividend of $0.0678 per share. The ex-dividend date is Thursday, March 27th.

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.