Foundations Investment Advisors LLC Trims Stake in Cabana Target Leading Sector Moderate ETF $CLSM

Foundations Investment Advisors LLC reduced its holdings in Cabana Target Leading Sector Moderate ETF (NASDAQ:CLSM) by 13.4% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,971,920 shares of the company’s stock after selling 460,166 shares during the quarter. Cabana Target Leading Sector Moderate ETF accounts for about 1.0% of Foundations Investment Advisors LLC’s investment portfolio, making the stock its 21st largest position. Foundations Investment Advisors LLC owned 61.79% of Cabana Target Leading Sector Moderate ETF worth $68,443,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of CLSM. Harbour Investments Inc. grew its holdings in shares of Cabana Target Leading Sector Moderate ETF by 66.3% during the second quarter. Harbour Investments Inc. now owns 2,102 shares of the company’s stock worth $45,000 after purchasing an additional 838 shares in the last quarter. Triad Wealth Partners LLC bought a new stake in Cabana Target Leading Sector Moderate ETF during the third quarter valued at approximately $984,000. Finally, Corient Private Wealth LLC purchased a new position in Cabana Target Leading Sector Moderate ETF in the 2nd quarter worth approximately $4,104,000.

Cabana Target Leading Sector Moderate ETF Price Performance

Shares of NASDAQ:CLSM opened at $24.50 on Thursday. The company’s fifty day moving average price is $23.55 and its 200-day moving average price is $22.97. The firm has a market capitalization of $108.54 million, a price-to-earnings ratio of 20.00 and a beta of 0.50. Cabana Target Leading Sector Moderate ETF has a one year low of $18.24 and a one year high of $24.50.

Cabana Target Leading Sector Moderate ETF Announces Dividend

The company also recently declared an annual dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 30th were given a dividend of $0.2088 per share. The ex-dividend date was Tuesday, December 30th. This represents a yield of 89.0%.

Cabana Target Leading Sector Moderate ETF Profile

The Cabana Target Leading Sector Moderate ETF (CLSM) is an exchange-traded fund that mostly invests in target risk asset allocation. The fund seeks long-term growth by allocating to a mix of broad asset class ETFs in response to economic conditions. The fund uses an algorithm to select investments in sectors that it identifies as attractive pursuant to its moderate risk profile. CLSM was launched on Jul 12, 2021 and is managed by Exchange Traded Concepts.