Fairlead Tactical Sector ETF $TACK Holdings Lessened by Cary Street Partners Financial LLC

Cary Street Partners Financial LLC decreased its holdings in Fairlead Tactical Sector ETF (NYSEARCA:TACK) by 7.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,422,855 shares of the company’s stock after selling 202,658 shares during the quarter. Fairlead Tactical Sector ETF accounts for 1.8% of Cary Street Partners Financial LLC’s portfolio, making the stock its 6th largest position. Cary Street Partners Financial LLC owned about 0.27% of Fairlead Tactical Sector ETF worth $72,613,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. NBZ Investment Advisors LLC boosted its holdings in shares of Fairlead Tactical Sector ETF by 8.0% in the fourth quarter. NBZ Investment Advisors LLC now owns 318,519 shares of the company’s stock worth $9,546,000 after buying an additional 23,681 shares during the last quarter. Dakota Wealth Management purchased a new position in shares of Fairlead Tactical Sector ETF in the fourth quarter worth approximately $317,000. First Foundation Advisors purchased a new position in shares of Fairlead Tactical Sector ETF in the third quarter worth approximately $275,000. FMA Wealth Management LLC boosted its holdings in shares of Fairlead Tactical Sector ETF by 2.1% in the third quarter. FMA Wealth Management LLC now owns 52,136 shares of the company’s stock worth $1,565,000 after buying an additional 1,092 shares during the last quarter. Finally, Ameriprise Financial Inc. purchased a new position in shares of Fairlead Tactical Sector ETF in the third quarter worth approximately $6,600,000.

Fairlead Tactical Sector ETF Stock Performance

TACK opened at $31.32 on Tuesday. The company has a market cap of $279.37 million, a price-to-earnings ratio of 17.28 and a beta of 0.52. The company’s 50 day moving average is $30.75 and its 200 day moving average is $30.57. Fairlead Tactical Sector ETF has a 12-month low of $27.40 and a 12-month high of $31.85.

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.