Evernest Financial Advisors LLC Makes New $8.80 Million Investment in Fairlead Tactical Sector ETF $TACK

Evernest Financial Advisors LLC acquired a new stake in Fairlead Tactical Sector ETF (NYSEARCA:TACK) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 293,357 shares of the company’s stock, valued at approximately $8,804,000. Fairlead Tactical Sector ETF makes up about 2.5% of Evernest Financial Advisors LLC’s portfolio, making the stock its 11th largest holding.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Grey Fox Wealth Advisors LLC acquired a new position in Fairlead Tactical Sector ETF during the 3rd quarter worth $95,000. D.A. Davidson & CO. boosted its stake in shares of Fairlead Tactical Sector ETF by 12.9% in the 3rd quarter. D.A. Davidson & CO. now owns 8,018 shares of the company’s stock valued at $241,000 after buying an additional 917 shares during the period. Wealthcare Advisory Partners LLC boosted its stake in shares of Fairlead Tactical Sector ETF by 2.1% in the 3rd quarter. Wealthcare Advisory Partners LLC now owns 16,601 shares of the company’s stock valued at $498,000 after buying an additional 344 shares during the period. NewEdge Advisors LLC grew its position in shares of Fairlead Tactical Sector ETF by 9.3% during the first quarter. NewEdge Advisors LLC now owns 32,310 shares of the company’s stock worth $879,000 after buying an additional 2,747 shares in the last quarter. Finally, Sigma Planning Corp increased its stake in shares of Fairlead Tactical Sector ETF by 62.3% during the second quarter. Sigma Planning Corp now owns 32,008 shares of the company’s stock worth $903,000 after buying an additional 12,290 shares during the period.

Fairlead Tactical Sector ETF Stock Down 1.1%

Shares of NYSEARCA:TACK opened at $31.45 on Wednesday. Fairlead Tactical Sector ETF has a fifty-two week low of $24.45 and a fifty-two week high of $31.85. The firm’s 50 day moving average price is $30.84 and its 200 day moving average price is $30.10. The stock has a market cap of $280.22 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 issued 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.

About Fairlead Tactical Sector ETF

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.