Janney Montgomery Scott LLC Reduces Position in Fairlead Tactical Sector ETF (NYSEARCA:TACK)

Janney Montgomery Scott LLC decreased its holdings in Fairlead Tactical Sector ETF (NYSEARCA:TACK) by 9.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,994 shares of the company’s stock after selling 1,299 shares during the period. Janney Montgomery Scott LLC’s holdings in Fairlead Tactical Sector ETF were worth $355,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of TACK. FMA Wealth Management LLC raised its position in shares of Fairlead Tactical Sector ETF by 6.9% in the third quarter. FMA Wealth Management LLC now owns 48,947 shares of the company’s stock worth $1,377,000 after buying an additional 3,153 shares in the last quarter. Insight Wealth Partners LLC grew its stake in Fairlead Tactical Sector ETF by 1.6% in the 3rd quarter. Insight Wealth Partners LLC now owns 52,329 shares of the company’s stock worth $1,472,000 after buying an additional 803 shares in the last quarter. HighTower Advisors LLC increased its holdings in shares of Fairlead Tactical Sector ETF by 262.5% in the 3rd quarter. HighTower Advisors LLC now owns 58,751 shares of the company’s stock worth $1,653,000 after buying an additional 42,546 shares during the last quarter. Finally, Cary Street Partners Asset Management LLC raised its position in shares of Fairlead Tactical Sector ETF by 1.2% during the 3rd quarter. Cary Street Partners Asset Management LLC now owns 2,486,557 shares of the company’s stock valued at $69,950,000 after buying an additional 30,457 shares in the last quarter.

Fairlead Tactical Sector ETF Stock Up 0.4 %

TACK opened at $28.36 on Tuesday. The business’s fifty day simple moving average is $27.97 and its 200 day simple moving average is $27.79. Fairlead Tactical Sector ETF has a 52 week low of $24.84 and a 52 week high of $29.99. The stock has a market cap of $235.39 million, a PE ratio of 8.01 and a beta of 0.60.

Fairlead Tactical Sector ETF Company 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.