Verity Asset Management Inc. Acquires New Position in Fairlead Tactical Sector ETF (NYSEARCA:TACK)

Verity Asset Management Inc. bought a new position in shares of Fairlead Tactical Sector ETF (NYSEARCA:TACK) during the 4th quarter, Holdings Channel reports. The firm bought 9,020 shares of the company’s stock, valued at approximately $247,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cary Street Partners Asset Management LLC grew its stake in Fairlead Tactical Sector ETF by 1.2% in the 3rd 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 last quarter. HighTower Advisors LLC raised its position in Fairlead Tactical Sector ETF by 262.5% during the third quarter. HighTower Advisors LLC now owns 58,751 shares of the company’s stock worth $1,653,000 after acquiring an additional 42,546 shares during the last quarter. Insight Wealth Partners LLC lifted its holdings in shares of Fairlead Tactical Sector ETF by 1.6% in the third quarter. Insight Wealth Partners LLC now owns 52,329 shares of the company’s stock valued at $1,472,000 after purchasing an additional 803 shares in the last quarter. FMA Wealth Management LLC grew its position in shares of Fairlead Tactical Sector ETF by 6.9% in the third quarter. FMA Wealth Management LLC now owns 48,947 shares of the company’s stock valued at $1,377,000 after purchasing an additional 3,153 shares during the last quarter. Finally, Oregon Pacific Wealth Management LLC purchased a new position in shares of Fairlead Tactical Sector ETF during the 4th quarter worth approximately $232,000.

Fairlead Tactical Sector ETF Price Performance

Shares of TACK opened at $28.17 on Wednesday. Fairlead Tactical Sector ETF has a 1-year low of $24.84 and a 1-year high of $29.99. The stock has a market cap of $233.81 million, a price-to-earnings ratio of 8.01 and a beta of 0.60. The firm has a 50 day simple moving average of $28.03 and a 200-day simple moving average of $27.73.

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.