Fairlead Tactical Sector ETF $TACK Stake Boosted by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC grew its stake in shares of Fairlead Tactical Sector ETF (NYSEARCA:TACK) by 62.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 144,620 shares of the company’s stock after purchasing an additional 55,399 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Fairlead Tactical Sector ETF were worth $4,334,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in TACK. Comerica Bank bought a new position in shares of Fairlead Tactical Sector ETF during the third quarter valued at approximately $239,000. First Foundation Advisors bought a new position in shares of Fairlead Tactical Sector ETF during the third quarter valued at approximately $275,000. Dakota Wealth Management bought a new position in shares of Fairlead Tactical Sector ETF during the fourth quarter valued at approximately $317,000. LPL Financial LLC grew its holdings in shares of Fairlead Tactical Sector ETF by 9.2% during the fourth quarter. LPL Financial LLC now owns 16,211 shares of the company’s stock valued at $486,000 after purchasing an additional 1,359 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC grew its holdings in shares of Fairlead Tactical Sector ETF by 2.1% during the third quarter. Wealthcare Advisory Partners LLC now owns 16,601 shares of the company’s stock valued at $498,000 after purchasing an additional 344 shares during the last quarter.

Fairlead Tactical Sector ETF Stock Performance

NYSEARCA:TACK opened at $31.29 on Monday. The firm has a market capitalization of $279.11 million, a PE ratio of 17.28 and a beta of 0.51. The stock has a 50 day moving average of $30.89 and a 200-day moving average of $30.67. Fairlead Tactical Sector ETF has a 52 week low of $27.74 and a 52 week high of $31.85.

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.