Cabana Target Leading Sector Moderate ETF $CLSM Shares Purchased by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. boosted its holdings in Cabana Target Leading Sector Moderate ETF (NASDAQ:CLSM) by 117,997.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 273,986 shares of the company’s stock after buying an additional 273,754 shares during the quarter. Northwestern Mutual Wealth Management Co. owned 0.06% of Cabana Target Leading Sector Moderate ETF worth $6,367,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Corient Private Wealth LLC acquired a new position in Cabana Target Leading Sector Moderate ETF in the second quarter worth approximately $4,104,000. Citadel Advisors LLC acquired a new position in Cabana Target Leading Sector Moderate ETF in the third quarter worth approximately $530,000. Finally, Assetmark Inc. acquired a new position in Cabana Target Leading Sector Moderate ETF in the fourth quarter worth approximately $133,000.

Cabana Target Leading Sector Moderate ETF Stock Performance

Cabana Target Leading Sector Moderate ETF stock opened at $27.18 on Friday. The firm has a market cap of $99.48 million, a price-to-earnings ratio of 20.00 and a beta of 0.55. Cabana Target Leading Sector Moderate ETF has a 1 year low of $20.42 and a 1 year high of $27.30. The firm’s 50 day moving average price is $24.78 and its two-hundred day moving average price is $24.03.

Cabana Target Leading Sector Moderate ETF Profile

The Cabana Target Leading Sector Moderate ETF (CLSM) is an exchange-traded fund that mostly invests in target risk asset allocation. The fund seeks long-term growth by allocating to a mix of broad asset class ETFs in response to economic conditions. The fund uses an algorithm to select investments in sectors that it identifies as attractive pursuant to its moderate risk profile. CLSM was launched on Jul 12, 2021 and is managed by Exchange Traded Concepts.