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

Cary Street Partners Investment Advisory LLC acquired a new stake in Fairlead Tactical Sector ETF (NYSEARCA:TACK) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 25,660 shares of the company’s stock, valued at approximately $769,000. Cary Street Partners Investment Advisory LLC owned approximately 0.29% of Fairlead Tactical Sector ETF at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TACK. Comerica Bank acquired a new stake in shares of Fairlead Tactical Sector ETF during the 3rd quarter worth approximately $239,000. First Foundation Advisors acquired a new stake in shares of Fairlead Tactical Sector ETF during the 3rd quarter worth approximately $275,000. Dakota Wealth Management acquired a new stake in shares of Fairlead Tactical Sector ETF during the 4th quarter worth approximately $317,000. Wealthcare Advisory Partners LLC grew its position 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 worth $498,000 after buying an additional 344 shares during the period. Finally, NewEdge Advisors LLC grew its position in shares of Fairlead Tactical Sector ETF by 9.3% during the 1st quarter. NewEdge Advisors LLC now owns 32,310 shares of the company’s stock worth $879,000 after buying an additional 2,747 shares during the period.

Fairlead Tactical Sector ETF Stock Performance

Shares of NYSEARCA TACK opened at $31.36 on Wednesday. The stock has a market cap of $279.73 million, a P/E ratio of 17.28 and a beta of 0.52. The firm has a 50 day moving average price of $30.77 and a 200 day moving average price of $30.58. Fairlead Tactical Sector ETF has a 52-week low of $27.67 and a 52-week 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.