Insight Wealth Partners LLC Raises Stock Position in Fairlead Tactical Sector ETF (NYSEARCA:TACK)

Insight Wealth Partners LLC boosted its holdings in Fairlead Tactical Sector ETF (NYSEARCA:TACK) by 7.4% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 51,526 shares of the company’s stock after buying an additional 3,552 shares during the period. Insight Wealth Partners LLC owned 0.62% of Fairlead Tactical Sector ETF worth $1,338,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of TACK. Stock Yards Bank & Trust Co. purchased a new position in shares of Fairlead Tactical Sector ETF during the fourth quarter valued at about $211,000. Kestra Private Wealth Services LLC purchased a new position in shares of Fairlead Tactical Sector ETF during the fourth quarter valued at about $278,000. FMA Wealth Management LLC purchased a new position in shares of Fairlead Tactical Sector ETF during the fourth quarter valued at about $986,000. Lokken Investment Group LLC grew its position in shares of Fairlead Tactical Sector ETF by 12.8% during the fourth quarter. Lokken Investment Group LLC now owns 63,436 shares of the company’s stock valued at $1,572,000 after purchasing an additional 7,182 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its position in shares of Fairlead Tactical Sector ETF by 5.2% during the first quarter. Commonwealth Equity Services LLC now owns 293,302 shares of the company’s stock valued at $7,755,000 after purchasing an additional 14,455 shares in the last quarter.

Fairlead Tactical Sector ETF Price Performance

Shares of Fairlead Tactical Sector ETF stock traded up $0.03 during trading on Friday, reaching $26.96. 17,448 shares of the stock traded hands, compared to its average volume of 20,586. The company has a market capitalization of $223.73 million, a price-to-earnings ratio of 8.01 and a beta of 0.60. The business has a fifty day simple moving average of $26.24 and a two-hundred day simple moving average of $25.87. Fairlead Tactical Sector ETF has a 52-week low of $22.23 and a 52-week high of $26.99.

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.