NBZ Investment Advisors LLC Has $8.85 Million Holdings in Fairlead Tactical Sector ETF $TACK

NBZ Investment Advisors LLC increased its position in Fairlead Tactical Sector ETF (NYSEARCA:TACK) by 6.2% during the third quarter, HoldingsChannel reports. The institutional investor owned 294,838 shares of the company’s stock after acquiring an additional 17,152 shares during the period. Fairlead Tactical Sector ETF comprises 4.6% of NBZ Investment Advisors LLC’s investment portfolio, making the stock its 9th biggest position. NBZ Investment Advisors LLC’s holdings in Fairlead Tactical Sector ETF were worth $8,848,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Sigma Planning Corp raised its holdings in shares of Fairlead Tactical Sector ETF by 62.3% during the 2nd quarter. Sigma Planning Corp now owns 32,008 shares of the company’s stock valued at $903,000 after purchasing an additional 12,290 shares in the last quarter. Mission Wealth Management LP acquired a new position in Fairlead Tactical Sector ETF during the third quarter worth $2,538,000. Jane Street Group LLC raised its holdings in Fairlead Tactical Sector ETF by 183.3% during the second quarter. Jane Street Group LLC now owns 41,523 shares of the company’s stock valued at $1,172,000 after buying an additional 26,864 shares in the last quarter. Cary Street Partners Financial LLC lifted its position in shares of Fairlead Tactical Sector ETF by 0.3% in the third quarter. Cary Street Partners Financial LLC now owns 2,625,513 shares of the company’s stock worth $78,792,000 after buying an additional 7,262 shares during the last quarter. Finally, Verity Asset Management Inc. boosted its stake in shares of Fairlead Tactical Sector ETF by 6.9% during the 2nd quarter. Verity Asset Management Inc. now owns 19,714 shares of the company’s stock worth $556,000 after acquiring an additional 1,270 shares in the last quarter.

Fairlead Tactical Sector ETF Stock Performance

Shares of TACK stock opened at $31.80 on Tuesday. The stock’s 50 day simple moving average is $30.82 and its 200 day simple moving average is $30.08. Fairlead Tactical Sector ETF has a twelve month low of $24.45 and a twelve month high of $31.85. The company has a market capitalization of $283.34 million, a price-to-earnings ratio of 17.28 and a beta of 0.55.

Fairlead Tactical Sector ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 5th. Stockholders of record on Tuesday, December 30th were paid a $0.0871 dividend. This represents a $0.35 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Tuesday, December 30th.

Fairlead Tactical Sector ETF Company 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.