Laurel Oak Wealth Management LLC bought a new position in Fairlead Tactical Sector ETF (NYSEARCA:TACK – Free Report) during the first quarter, Holdings Channel reports. The fund bought 15,774 shares of the company’s stock, valued at approximately $480,000.
Other institutional investors also recently modified their holdings of the company. Royal Bank of Canada boosted its stake in Fairlead Tactical Sector ETF by 118.2% during the fourth quarter. Royal Bank of Canada now owns 4,036 shares of the company’s stock worth $121,000 after acquiring an additional 2,186 shares in the last quarter. Comerica Bank bought a new position in shares of Fairlead Tactical Sector ETF during the third quarter valued at approximately $239,000. First Foundation Advisors purchased a new position in shares of Fairlead Tactical Sector ETF during the third quarter valued at approximately $275,000. Dakota Wealth Management purchased a new position in shares of Fairlead Tactical Sector ETF during the fourth quarter valued at approximately $317,000. Finally, LPL Financial LLC lifted its holdings in shares of Fairlead Tactical Sector ETF by 9.2% during the fourth quarter. LPL Financial LLC now owns 16,211 shares of the company’s stock valued at $486,000 after purchasing an additional 1,359 shares during the last quarter.
Fairlead Tactical Sector ETF Trading Down 0.0%
Shares of NYSEARCA:TACK opened at $31.76 on Friday. The stock has a fifty day simple moving average of $31.15 and a two-hundred day simple moving average of $30.85. Fairlead Tactical Sector ETF has a 12-month low of $27.97 and a 12-month high of $31.89. The stock has a market capitalization of $283.30 million, a price-to-earnings ratio of 17.28 and a beta of 0.51.
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.
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