Fairlead Tactical Sector ETF (NYSEARCA:TACK) Stock Holdings Increased by IFP Advisors Inc

IFP Advisors Inc boosted its position in Fairlead Tactical Sector ETF (NYSEARCA:TACK) by 149.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,867 shares of the company’s stock after buying an additional 2,317 shares during the quarter. IFP Advisors Inc’s holdings in Fairlead Tactical Sector ETF were worth $106,000 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. HighTower Advisors LLC increased its holdings in Fairlead Tactical Sector ETF by 262.5% in the third quarter. HighTower Advisors LLC now owns 58,751 shares of the company’s stock valued at $1,653,000 after buying an additional 42,546 shares during the last quarter. Cary Street Partners Asset Management LLC boosted its stake in Fairlead Tactical Sector ETF by 1.2% in the third quarter. Cary Street Partners Asset Management LLC now owns 2,486,557 shares of the company’s stock valued at $69,950,000 after acquiring an additional 30,457 shares during the period. Sigma Planning Corp acquired a new position in Fairlead Tactical Sector ETF in the fourth quarter valued at approximately $479,000. Verity Asset Management Inc. acquired a new position in Fairlead Tactical Sector ETF in the fourth quarter valued at approximately $247,000. Finally, Oregon Pacific Wealth Management LLC acquired a new position in Fairlead Tactical Sector ETF in the fourth quarter valued at approximately $232,000.

Fairlead Tactical Sector ETF Stock Down 1.4 %

Shares of TACK stock opened at $27.56 on Wednesday. The business has a 50 day moving average of $27.97 and a two-hundred day moving average of $28.02. Fairlead Tactical Sector ETF has a 52 week low of $24.84 and a 52 week high of $29.99. The company has a market cap of $217.17 million, a P/E ratio of 23.44 and a beta of 0.56.

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.