Foundations Investment Advisors LLC Sells 368,476 Shares of Cabana Target Leading Sector Moderate ETF $CLSM

Foundations Investment Advisors LLC decreased its position in Cabana Target Leading Sector Moderate ETF (NASDAQ:CLSM) by 12.4% during the 4th quarter, Holdings Channel reports. The firm owned 2,603,444 shares of the company’s stock after selling 368,476 shares during the quarter. Foundations Investment Advisors LLC owned approximately 0.60% of Cabana Target Leading Sector Moderate ETF worth $60,496,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in CLSM. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Cabana Target Leading Sector Moderate ETF by 117,997.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 273,986 shares of the company’s stock worth $6,367,000 after purchasing an additional 273,754 shares during the last quarter. Corient Private Wealth LLC bought a new stake in shares of Cabana Target Leading Sector Moderate ETF in the 2nd quarter worth about $4,104,000. Aegis Wealth Management Inc. bought a new stake in shares of Cabana Target Leading Sector Moderate ETF in the 4th quarter worth about $727,000. Citadel Advisors LLC bought a new stake in shares of Cabana Target Leading Sector Moderate ETF in the 3rd quarter worth about $530,000. Finally, Assetmark Inc. bought a new stake in shares of Cabana Target Leading Sector Moderate ETF in the 4th quarter worth about $133,000.

Cabana Target Leading Sector Moderate ETF Stock Performance

CLSM opened at $27.45 on Thursday. The firm’s 50-day simple moving average is $25.02 and its 200-day simple moving average is $24.12. Cabana Target Leading Sector Moderate ETF has a twelve month low of $20.67 and a twelve month high of $27.47. The firm has a market cap of $100.47 million, a price-to-earnings ratio of 20.00 and a beta of 0.55.

About Cabana Target Leading Sector Moderate ETF

The Cabana Target Leading Sector Moderate ETF (CLSM) is an exchange-traded fund that mostly invests in target risk asset allocation. The fund seeks long-term growth by allocating to a mix of broad asset class ETFs in response to economic conditions. The fund uses an algorithm to select investments in sectors that it identifies as attractive pursuant to its moderate risk profile. CLSM was launched on Jul 12, 2021 and is managed by Exchange Traded Concepts.