Cary Street Partners Investment Advisory LLC Purchases Shares of 25,660 Fairlead Tactical Sector ETF $TACK

Cary Street Partners Investment Advisory LLC purchased a new stake in Fairlead Tactical Sector ETF (NYSEARCA:TACK) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 25,660 shares of the company’s stock, valued at approximately $769,000.

Other institutional investors have also recently bought and sold shares of the company. Comerica Bank bought a new stake in shares of Fairlead Tactical Sector ETF in the third quarter worth $239,000. First Foundation Advisors bought a new stake in shares of Fairlead Tactical Sector ETF in the third quarter worth $275,000. Dakota Wealth Management bought a new stake in shares of Fairlead Tactical Sector ETF in the fourth quarter worth $317,000. Wealthcare Advisory Partners LLC lifted its position in shares of 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 worth $498,000 after purchasing an additional 344 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its position in shares of Fairlead Tactical Sector ETF by 9.3% in the first quarter. NewEdge Advisors LLC now owns 32,310 shares of the company’s stock worth $879,000 after purchasing an additional 2,747 shares in the last quarter.

Fairlead Tactical Sector ETF Stock Up 0.1%

Shares of TACK stock opened at $31.36 on Wednesday. The company’s fifty day simple moving average is $30.77 and its 200-day simple moving average is $30.58. The firm has a market cap of $279.73 million, a PE ratio of 17.28 and a beta of 0.52. Fairlead Tactical Sector ETF has a 12 month low of $27.67 and a 12 month high of $31.85.

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.