Lokken Investment Group LLC lifted its position in shares of Fairlead Tactical Sector ETF (NYSEARCA:TACK – Free Report) by 8.0% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 60,374 shares of the company’s stock after purchasing an additional 4,457 shares during the quarter. Lokken Investment Group LLC’s holdings in Fairlead Tactical Sector ETF were worth $1,567,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of TACK. FMA Wealth Management LLC bought a new position in shares of Fairlead Tactical Sector ETF during the fourth quarter valued at about $986,000. Insight Wealth Partners LLC lifted its stake in shares of Fairlead Tactical Sector ETF by 7.4% in the 2nd quarter. Insight Wealth Partners LLC now owns 51,526 shares of the company’s stock valued at $1,338,000 after acquiring an additional 3,552 shares during the last quarter. Finally, Commonwealth Equity Services LLC boosted its holdings in Fairlead Tactical Sector ETF by 5.2% during the 1st quarter. Commonwealth Equity Services LLC now owns 293,302 shares of the company’s stock valued at $7,755,000 after acquiring an additional 14,455 shares during the period.
Fairlead Tactical Sector ETF Price Performance
Shares of Fairlead Tactical Sector ETF stock opened at $27.73 on Wednesday. Fairlead Tactical Sector ETF has a one year low of $22.23 and a one year high of $28.04. The business’s 50 day simple moving average is $26.82 and its two-hundred day simple moving average is $26.19. The stock has a market capitalization of $230.16 million, a P/E ratio of 8.01 and a beta of 0.60.
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.
Recommended Stories
- Five stocks we like better than Fairlead Tactical Sector ETF
- Unveiling The Power Of VWAP: A Key Indicator For Traders
- What the Bulls and Bears Are Saying About NVIDIA Stock
- TSX Venture Exchange (Formerly Canadian Venture Exchange)
- Box Office Revival: 3 Movie Theater Stocks Making a Comeback
- Insider Buying Explained: What Investors Need to Know
- Brace for the Perfect Storm: Rate Cuts and a Slow September
Want to see what other hedge funds are holding TACK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fairlead Tactical Sector ETF (NYSEARCA:TACK – Free Report).
Receive News & Ratings for Fairlead Tactical Sector ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fairlead Tactical Sector ETF and related companies with MarketBeat.com's FREE daily email newsletter.
