Laurel Oak Wealth Management LLC Takes $480,000 Position in Fairlead Tactical Sector ETF $TACK

Laurel Oak Wealth Management LLC acquired a new stake in shares of Fairlead Tactical Sector ETF (NYSEARCA:TACK) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 15,774 shares of the company’s stock, valued at approximately $480,000. Laurel Oak Wealth Management LLC owned approximately 0.18% of Fairlead Tactical Sector ETF at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of TACK. Stifel Financial Corp boosted its stake in Fairlead Tactical Sector ETF by 2.1% in the fourth quarter. Stifel Financial Corp now owns 731,863 shares of the company’s stock worth $21,934,000 after buying an additional 14,758 shares in the last quarter. Evernest Financial Advisors LLC boosted its holdings in Fairlead Tactical Sector ETF by 16.0% during the 4th quarter. Evernest Financial Advisors LLC now owns 340,219 shares of the company’s stock valued at $10,581,000 after acquiring an additional 46,862 shares during the period. NBZ Investment Advisors LLC boosted its holdings in Fairlead Tactical Sector ETF by 8.0% during the 4th quarter. NBZ Investment Advisors LLC now owns 318,519 shares of the company’s stock valued at $9,546,000 after acquiring an additional 23,681 shares during the period. Ameriprise Financial Inc. bought a new position in Fairlead Tactical Sector ETF during the 3rd quarter worth approximately $6,600,000. Finally, Commonwealth Equity Services LLC grew its position in 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 acquiring an additional 55,399 shares during the last quarter.

Fairlead Tactical Sector ETF Stock Performance

Shares of Fairlead Tactical Sector ETF stock opened at $31.76 on Friday. Fairlead Tactical Sector ETF has a 52-week low of $27.97 and a 52-week high of $31.89. The company’s 50 day moving average price is $31.15 and its 200-day moving average price is $30.85. The stock has a market capitalization of $283.30 million, a price-to-earnings ratio of 17.28 and a beta of 0.51.

About Fairlead Tactical Sector ETF

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.