254,436 Shares in Fairlead Tactical Sector ETF (NYSEARCA:TACK) Purchased by NBZ Investment Advisors LLC

NBZ Investment Advisors LLC bought a new stake in shares of Fairlead Tactical Sector ETF (NYSEARCA:TACK) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 254,436 shares of the company’s stock, valued at approximately $6,959,000. Fairlead Tactical Sector ETF accounts for approximately 3.9% of NBZ Investment Advisors LLC’s portfolio, making the stock its 11th largest position.

Several other institutional investors have also recently made changes to their positions in the company. Commonwealth Equity Services LLC grew its holdings in shares of Fairlead Tactical Sector ETF by 4.7% during the fourth quarter. Commonwealth Equity Services LLC now owns 304,512 shares of the company’s stock valued at $8,328,000 after buying an additional 13,671 shares during the last quarter. HighTower Advisors LLC grew its holdings in Fairlead Tactical Sector ETF by 262.5% in the third quarter. HighTower Advisors LLC now owns 58,751 shares of the company’s stock valued at $1,653,000 after purchasing an additional 42,546 shares during the period. Sigma Planning Corp purchased a new position in shares of Fairlead Tactical Sector ETF during the 4th quarter valued at approximately $479,000. Verity Asset Management Inc. purchased a new position in Fairlead Tactical Sector ETF in the 4th quarter valued at about $247,000. Finally, Oregon Pacific Wealth Management LLC acquired a new stake in Fairlead Tactical Sector ETF in the 4th quarter worth about $232,000.

Fairlead Tactical Sector ETF Stock Down 0.4 %

Shares of TACK opened at $27.28 on Friday. The firm’s fifty day moving average is $27.88 and its two-hundred day moving average is $28.00. The stock has a market cap of $215.24 million, a PE ratio of 21.81 and a beta of 0.56. Fairlead Tactical Sector ETF has a 52-week low of $24.85 and a 52-week high of $29.99.

Fairlead Tactical Sector ETF Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, April 1st. Investors of record on Thursday, March 27th will be issued a $0.0678 dividend. The ex-dividend date is Thursday, March 27th.

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.