Cannon Advisors Inc. Boosts Stock Holdings in Fairlead Tactical Sector ETF (NYSEARCA:TACK)

Cannon Advisors Inc. increased its stake in Fairlead Tactical Sector ETF (NYSEARCA:TACK) by 6.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,319 shares of the company’s stock after acquiring an additional 868 shares during the period. Cannon Advisors Inc.’s holdings in Fairlead Tactical Sector ETF were worth $392,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. IFP Advisors Inc lifted its stake in Fairlead Tactical Sector ETF by 149.5% in the fourth quarter. IFP Advisors Inc now owns 3,867 shares of the company’s stock worth $106,000 after acquiring an additional 2,317 shares during the last quarter. Creative Financial Designs Inc. ADV acquired a new stake in shares of Fairlead Tactical Sector ETF in the 4th quarter valued at $107,000. Oregon Pacific Wealth Management LLC purchased a new stake in shares of Fairlead Tactical Sector ETF during the 4th quarter worth $232,000. Verity Asset Management Inc. acquired a new position in shares of Fairlead Tactical Sector ETF during the fourth quarter worth $247,000. Finally, Sigma Planning Corp purchased a new position in Fairlead Tactical Sector ETF in the fourth quarter valued at $479,000.

Fairlead Tactical Sector ETF Price Performance

Fairlead Tactical Sector ETF stock opened at $27.19 on Tuesday. Fairlead Tactical Sector ETF has a 1-year low of $24.85 and a 1-year high of $29.99. The stock has a market cap of $213.71 million, a PE ratio of 21.90 and a beta of 0.56. The stock’s fifty day moving average is $27.85 and its two-hundred day moving average is $28.01.

Fairlead Tactical Sector ETF Cuts Dividend

The business also recently declared a dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Thursday, March 27th will be paid a $0.0678 dividend. The ex-dividend date is Thursday, March 27th.

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.