Commonwealth Equity Services LLC Increases Position in Fairlead Tactical Sector ETF $TACK

Commonwealth Equity Services LLC boosted its position in Fairlead Tactical Sector ETF (NYSEARCA:TACK) by 62.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 144,620 shares of the company’s stock after buying an additional 55,399 shares during the quarter. Commonwealth Equity Services LLC owned approximately 1.62% of Fairlead Tactical Sector ETF worth $4,334,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TACK. NewEdge Advisors LLC increased its holdings in Fairlead Tactical Sector ETF by 9.3% in the first quarter. NewEdge Advisors LLC now owns 32,310 shares of the company’s stock valued at $879,000 after buying an additional 2,747 shares during the last quarter. Jane Street Group LLC increased its holdings in Fairlead Tactical Sector ETF by 183.3% in the second quarter. Jane Street Group LLC now owns 41,523 shares of the company’s stock valued at $1,172,000 after buying an additional 26,864 shares during the last quarter. Wealthcare Advisory Partners LLC increased its holdings in Fairlead Tactical Sector ETF by 2.1% in the third quarter. Wealthcare Advisory Partners LLC now owns 16,601 shares of the company’s stock valued at $498,000 after buying an additional 344 shares during the last quarter. Cary Street Partners Financial LLC increased its holdings in Fairlead Tactical Sector ETF by 0.3% in the third quarter. Cary Street Partners Financial LLC now owns 2,625,513 shares of the company’s stock valued at $78,792,000 after buying an additional 7,262 shares during the last quarter. Finally, NBZ Investment Advisors LLC increased its holdings in Fairlead Tactical Sector ETF by 6.2% in the third quarter. NBZ Investment Advisors LLC now owns 294,838 shares of the company’s stock valued at $8,848,000 after buying an additional 17,152 shares during the last quarter.

Fairlead Tactical Sector ETF Price Performance

Shares of Fairlead Tactical Sector ETF stock opened at $31.29 on Monday. The firm has a market cap of $279.11 million, a P/E ratio of 17.28 and a beta of 0.51. Fairlead Tactical Sector ETF has a fifty-two week low of $27.74 and a fifty-two week high of $31.85. The business has a 50-day moving average price of $30.89 and a 200 day moving average price of $30.67.

About Fairlead Tactical Sector ETF

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.