Sigma Planning Corp Invests $479,000 in Fairlead Tactical Sector ETF (NYSEARCA:TACK)

Sigma Planning Corp bought a new position in Fairlead Tactical Sector ETF (NYSEARCA:TACK) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 17,496 shares of the company’s stock, valued at approximately $479,000. Sigma Planning Corp owned about 0.21% of Fairlead Tactical Sector ETF as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TACK. HighTower Advisors LLC raised 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 purchasing an additional 42,546 shares during the period. Insight Wealth Partners LLC raised its holdings in shares of 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 purchasing an additional 803 shares during the period. Verity Asset Management Inc. bought a new stake in shares of Fairlead Tactical Sector ETF in the 4th quarter worth approximately $247,000. Oregon Pacific Wealth Management LLC bought a new stake in shares of Fairlead Tactical Sector ETF in the 4th quarter worth approximately $232,000. Finally, Cary Street Partners Asset Management LLC raised its holdings in shares of Fairlead Tactical Sector ETF by 1.2% in the 3rd quarter. Cary Street Partners Asset Management LLC now owns 2,486,557 shares of the company’s stock worth $69,950,000 after purchasing an additional 30,457 shares during the period.

Fairlead Tactical Sector ETF Price Performance

Shares of TACK stock opened at $27.83 on Friday. The company’s fifty day simple moving average is $27.96 and its two-hundred day simple moving average is $27.97. Fairlead Tactical Sector ETF has a 1 year low of $24.84 and a 1 year high of $29.99. The stock has a market capitalization of $219.30 million, a price-to-earnings ratio of 23.44 and a beta of 0.56.

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.