Shares of Cabana Target Leading Sector Moderate ETF (NASDAQ:CLSM – Get Free Report) shot up 0.1% during trading on Friday . The stock traded as high as $27.53 and last traded at $27.4850. 4,108 shares changed hands during trading, a decline of 70% from the average daily volume of 13,844 shares. The stock had previously closed at $27.47.
Cabana Target Leading Sector Moderate ETF Price Performance
The company has a market capitalization of $98.40 million, a price-to-earnings ratio of 20.00 and a beta of 0.57. The stock has a 50 day moving average price of $27.12 and a two-hundred day moving average price of $25.95.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of CLSM. Corient Private Wealth LLC boosted its stake in Cabana Target Leading Sector Moderate ETF by 152.4% in the fourth quarter. Corient Private Wealth LLC now owns 636,358 shares of the company’s stock valued at $14,787,000 after acquiring an additional 384,226 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in Cabana Target Leading Sector Moderate ETF by 117,997.4% in the fourth 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 period. Signal Advisors Wealth LLC bought a new position in shares of Cabana Target Leading Sector Moderate ETF during the first quarter worth $1,752,000. Aegis Wealth Management Inc. acquired a new position in shares of Cabana Target Leading Sector Moderate ETF in the 4th quarter valued at $727,000. Finally, Citadel Advisors LLC acquired a new position in shares of Cabana Target Leading Sector Moderate ETF in the 3rd quarter valued at $530,000.
Cabana Target Leading Sector Moderate ETF Company Profile
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.
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