Northwestern Mutual Wealth Management Co. Has $721,000 Stake in Fairlead Tactical Sector ETF $TACK

Northwestern Mutual Wealth Management Co. lifted its stake in Fairlead Tactical Sector ETF (NYSEARCA:TACK) by 96,192.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 24,073 shares of the company’s stock after acquiring an additional 24,048 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Fairlead Tactical Sector ETF were worth $721,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Comerica Bank purchased a new position in Fairlead Tactical Sector ETF during the third quarter valued at approximately $239,000. First Foundation Advisors purchased a new stake in Fairlead Tactical Sector ETF in the 3rd quarter worth approximately $275,000. Dakota Wealth Management purchased a new stake in Fairlead Tactical Sector ETF in the 4th quarter worth approximately $317,000. Wealthcare Advisory Partners LLC boosted its stake in shares of Fairlead Tactical Sector ETF by 2.1% during the 3rd 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 period. Finally, Cary Street Partners Investment Advisory LLC acquired a new stake in shares of Fairlead Tactical Sector ETF during the 4th quarter valued at $769,000.

Fairlead Tactical Sector ETF Stock Up 0.5%

Fairlead Tactical Sector ETF stock opened at $31.33 on Wednesday. Fairlead Tactical Sector ETF has a 12 month low of $27.74 and a 12 month high of $31.85. The stock has a market cap of $279.46 million, a P/E ratio of 17.28 and a beta of 0.51. The company’s fifty day simple moving average is $30.93 and its 200-day simple moving average is $30.70.

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.