NBZ Investment Advisors LLC Purchases 23,681 Shares of Fairlead Tactical Sector ETF $TACK

NBZ Investment Advisors LLC lifted its position in Fairlead Tactical Sector ETF (NYSEARCA:TACK) by 8.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 318,519 shares of the company’s stock after purchasing an additional 23,681 shares during the period. Fairlead Tactical Sector ETF accounts for approximately 4.2% of NBZ Investment Advisors LLC’s investment portfolio, making the stock its 11th largest holding. NBZ Investment Advisors LLC’s holdings in Fairlead Tactical Sector ETF were worth $9,546,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of TACK. Evernest Financial Advisors LLC purchased a new stake in Fairlead Tactical Sector ETF during the third quarter valued at $8,804,000. Ameriprise Financial Inc. bought a new position in Fairlead Tactical Sector ETF in the third quarter valued at about $6,600,000. Mission Wealth Management LP purchased a new position in Fairlead Tactical Sector ETF in the third quarter worth about $2,538,000. NewEdge Advisors LLC boosted its position in Fairlead Tactical Sector ETF by 178.4% in the second quarter. NewEdge Advisors LLC now owns 89,952 shares of the company’s stock worth $2,539,000 after purchasing an additional 57,642 shares during the last quarter. Finally, Jane Street Group LLC grew its stake in shares of Fairlead Tactical Sector ETF by 183.3% during the 2nd quarter. Jane Street Group LLC now owns 41,523 shares of the company’s stock valued at $1,172,000 after purchasing an additional 26,864 shares during the period.

Fairlead Tactical Sector ETF Stock Up 0.3%

NYSEARCA TACK opened at $30.83 on Friday. Fairlead Tactical Sector ETF has a 52 week low of $27.32 and a 52 week high of $31.85. The firm has a market capitalization of $275.00 million, a P/E ratio of 17.28 and a beta of 0.52. The company has a 50-day moving average price of $30.82 and a 200-day moving average price of $30.50.

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.