Commonwealth Equity Services LLC Buys 13,671 Shares of Fairlead Tactical Sector ETF (NYSEARCA:TACK)

Commonwealth Equity Services LLC grew its stake in shares of Fairlead Tactical Sector ETF (NYSEARCA:TACK) by 4.7% during the fourth quarter, HoldingsChannel reports. The firm owned 304,512 shares of the company’s stock after purchasing an additional 13,671 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Fairlead Tactical Sector ETF were worth $8,328,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. IFP Advisors Inc lifted its position in Fairlead Tactical Sector ETF by 149.5% during the 4th quarter. IFP Advisors Inc now owns 3,867 shares of the company’s stock valued at $106,000 after acquiring an additional 2,317 shares during the period. Oregon Pacific Wealth Management LLC purchased a new position in Fairlead Tactical Sector ETF during the 4th quarter valued at about $232,000. Verity Asset Management Inc. purchased a new position in Fairlead Tactical Sector ETF during the 4th quarter valued at about $247,000. Sigma Planning Corp purchased a new position in Fairlead Tactical Sector ETF during the 4th quarter valued at about $479,000. Finally, Insight Wealth Partners LLC lifted its position in Fairlead Tactical Sector ETF by 1.6% during the 3rd quarter. Insight Wealth Partners LLC now owns 52,329 shares of the company’s stock valued at $1,472,000 after acquiring an additional 803 shares during the period.

Fairlead Tactical Sector ETF Stock Performance

Shares of Fairlead Tactical Sector ETF stock opened at $27.18 on Friday. The stock has a market capitalization of $214.45 million, a PE ratio of 21.81 and a beta of 0.56. Fairlead Tactical Sector ETF has a 52-week low of $24.85 and a 52-week high of $29.99. The company has a 50-day simple moving average of $27.87 and a two-hundred day simple moving average of $27.99.

Fairlead Tactical Sector ETF Company 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.