Financial Enhancement Group LLC reduced its position in Fairlead Tactical Sector ETF (NYSEARCA:TACK – Free Report) by 11.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 249,164 shares of the company’s stock after selling 30,927 shares during the period. Fairlead Tactical Sector ETF comprises approximately 1.2% of Financial Enhancement Group LLC’s holdings, making the stock its 28th largest position. Financial Enhancement Group LLC owned approximately 2.68% of Fairlead Tactical Sector ETF worth $5,951,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in the business. UBS Group AG bought a new stake in shares of Fairlead Tactical Sector ETF during the 1st quarter valued at about $34,000. Money Concepts Capital Corp bought a new position in Fairlead Tactical Sector ETF in the 4th quarter worth $35,000. Axxcess Wealth Management LLC purchased a new stake in Fairlead Tactical Sector ETF in the 1st quarter worth $211,000. Susquehanna International Group LLP bought a new stake in Fairlead Tactical Sector ETF during the fourth quarter valued at about $277,000. Finally, Regal Investment Advisors LLC purchased a new position in shares of Fairlead Tactical Sector ETF in the fourth quarter valued at about $283,000.
Fairlead Tactical Sector ETF Trading Down 0.3 %
Shares of TACK opened at $23.54 on Wednesday. The business’s 50 day moving average is $23.68 and its 200 day moving average is $23.87. Fairlead Tactical Sector ETF has a 12-month low of $22.00 and a 12-month high of $24.91. The company has a market capitalization of $235.40 million, a PE ratio of 19.66 and a beta of -0.55.
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.
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