Fairlead Tactical Sector ETF (NYSEARCA:TACK) Shares Acquired by NewEdge Advisors LLC

NewEdge Advisors LLC increased its position in shares of Fairlead Tactical Sector ETF (NYSEARCA:TACK) by 45.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,563 shares of the company’s stock after acquiring an additional 9,226 shares during the period. NewEdge Advisors LLC owned about 0.36% of Fairlead Tactical Sector ETF worth $809,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Cannon Advisors Inc. grew its stake in Fairlead Tactical Sector ETF by 6.5% during the 4th quarter. Cannon Advisors Inc. now owns 14,319 shares of the company’s stock worth $392,000 after purchasing an additional 868 shares in the last quarter. IFP Advisors Inc increased its stake in shares of Fairlead Tactical Sector ETF by 149.5% during the fourth quarter. IFP Advisors Inc now owns 3,867 shares of the company’s stock worth $106,000 after buying an additional 2,317 shares during the period. Creative Financial Designs Inc. ADV acquired a new stake in Fairlead Tactical Sector ETF in the fourth quarter valued at approximately $107,000. Oregon Pacific Wealth Management LLC purchased a new position in Fairlead Tactical Sector ETF in the fourth quarter worth approximately $232,000. Finally, Verity Asset Management Inc. acquired a new position in Fairlead Tactical Sector ETF during the 4th quarter worth approximately $247,000.

Fairlead Tactical Sector ETF Trading Up 0.1 %

Shares of TACK stock opened at $26.79 on Friday. The company has a market cap of $216.73 million, a P/E ratio of 21.51 and a beta of 0.56. The firm has a fifty day moving average price of $26.94 and a 200 day moving average price of $27.75. Fairlead Tactical Sector ETF has a 12 month low of $24.45 and a 12 month high of $29.99.

Fairlead Tactical Sector ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, April 1st. Stockholders of record on Thursday, March 27th were given a dividend of $0.0678 per share. The ex-dividend date of this dividend was 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.