Northwestern Mutual Wealth Management Co. grew its stake in shares of Cabana Target Leading Sector Moderate ETF (NASDAQ:CLSM – Free Report) by 117,997.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 273,986 shares of the company’s stock after buying an additional 273,754 shares during the quarter. Northwestern Mutual Wealth Management Co. owned about 6.28% of Cabana Target Leading Sector Moderate ETF worth $6,367,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Assetmark Inc. bought a new stake in shares of Cabana Target Leading Sector Moderate ETF during the 4th quarter worth about $133,000. Citadel Advisors LLC bought a new stake in shares of Cabana Target Leading Sector Moderate ETF during the 3rd quarter worth about $530,000. Finally, Corient Private Wealth LLC bought a new stake in shares of Cabana Target Leading Sector Moderate ETF during the 2nd quarter worth about $4,104,000.
Cabana Target Leading Sector Moderate ETF Trading Up 0.5%
CLSM stock opened at $27.18 on Friday. The firm’s 50-day moving average is $24.78 and its two-hundred day moving average is $24.03. Cabana Target Leading Sector Moderate ETF has a 52 week low of $20.42 and a 52 week high of $27.30. The company has a market capitalization of $99.48 million, a price-to-earnings ratio of 20.00 and a beta of 0.55.
Cabana Target Leading Sector Moderate ETF 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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