Fairlead Tactical Sector ETF $TACK is Evernest Financial Advisors LLC’s 9th Largest Position

Evernest Financial Advisors LLC boosted its holdings in shares of Fairlead Tactical Sector ETF (NYSEARCA:TACK) by 59.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 541,504 shares of the company’s stock after acquiring an additional 201,285 shares during the quarter. Fairlead Tactical Sector ETF comprises 3.5% of Evernest Financial Advisors LLC’s holdings, making the stock its 9th largest holding. Evernest Financial Advisors LLC owned approximately 0.06% of Fairlead Tactical Sector ETF worth $16,619,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TACK. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Fairlead Tactical Sector ETF by 96,192.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 24,073 shares of the company’s stock valued at $721,000 after purchasing an additional 24,048 shares during the last quarter. Commonwealth Equity Services LLC increased its position in shares of Fairlead Tactical Sector ETF by 62.1% during the 4th quarter. Commonwealth Equity Services LLC now owns 144,620 shares of the company’s stock worth $4,334,000 after purchasing an additional 55,399 shares during the last quarter. Cary Street Partners Investment Advisory LLC acquired a new stake in shares of Fairlead Tactical Sector ETF during the 4th quarter worth about $769,000. Laurel Oak Wealth Management LLC purchased a new stake in Fairlead Tactical Sector ETF in the 1st quarter valued at about $480,000. Finally, NBZ Investment Advisors LLC raised its holdings in Fairlead Tactical Sector ETF by 8.0% in the 4th quarter. NBZ Investment Advisors LLC now owns 318,519 shares of the company’s stock valued at $9,546,000 after buying an additional 23,681 shares during the period.

Fairlead Tactical Sector ETF Price Performance

NYSEARCA TACK opened at $31.80 on Tuesday. The firm’s 50-day moving average is $31.36 and its two-hundred day moving average is $30.98. Fairlead Tactical Sector ETF has a 12 month low of $28.08 and a 12 month high of $31.94. The stock has a market capitalization of $287.15 million, a P/E ratio of 17.28 and a beta of 0.51.

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.