Evernest Financial Advisors LLC Purchases Shares of 293,357 Fairlead Tactical Sector ETF $TACK

Evernest Financial Advisors LLC acquired a new position in Fairlead Tactical Sector ETF (NYSEARCA:TACK) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 293,357 shares of the company’s stock, valued at approximately $8,804,000. Fairlead Tactical Sector ETF comprises 2.5% of Evernest Financial Advisors LLC’s portfolio, making the stock its 11th biggest holding. Evernest Financial Advisors LLC owned 3.22% of Fairlead Tactical Sector ETF at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in TACK. Grey Fox Wealth Advisors LLC acquired a new stake in Fairlead Tactical Sector ETF in the 3rd quarter valued at approximately $95,000. D.A. Davidson & CO. boosted its position in shares of Fairlead Tactical Sector ETF by 12.9% during the third quarter. D.A. Davidson & CO. now owns 8,018 shares of the company’s stock worth $241,000 after buying an additional 917 shares during the period. Wealthcare Advisory Partners LLC grew its stake in shares of Fairlead Tactical Sector ETF by 2.1% in the third quarter. Wealthcare Advisory Partners LLC now owns 16,601 shares of the company’s stock valued at $498,000 after buying an additional 344 shares in the last quarter. Williams & Novak LLC raised its holdings in shares of Fairlead Tactical Sector ETF by 21.8% in the 3rd quarter. Williams & Novak LLC now owns 31,953 shares of the company’s stock valued at $959,000 after buying an additional 5,723 shares during the period. Finally, Sigma Planning Corp raised its holdings in shares of Fairlead Tactical Sector ETF by 62.3% in the 2nd quarter. Sigma Planning Corp now owns 32,008 shares of the company’s stock valued at $903,000 after buying an additional 12,290 shares during the period.

Fairlead Tactical Sector ETF Price Performance

Shares of Fairlead Tactical Sector ETF stock opened at $31.45 on Wednesday. The stock has a market capitalization of $280.22 million, a price-to-earnings ratio of 17.28 and a beta of 0.55. The business has a 50-day moving average of $30.84 and a 200 day moving average of $30.10. Fairlead Tactical Sector ETF has a 12 month low of $24.45 and a 12 month high of $31.85.

Fairlead Tactical Sector ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 5th. Investors of record on Tuesday, December 30th were issued a $0.0871 dividend. The ex-dividend date was Tuesday, December 30th. This represents a $0.35 dividend on an annualized basis and a dividend yield of 1.1%.

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.