Lokken Investment Group LLC Increases Stake in Fairlead Tactical Sector ETF (NYSEARCA:TACK)

Lokken Investment Group LLC boosted its position in Fairlead Tactical Sector ETF (NYSEARCA:TACK) by 8.0% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 60,374 shares of the company’s stock after acquiring an additional 4,457 shares during the period. Lokken Investment Group LLC owned 0.73% of Fairlead Tactical Sector ETF worth $1,567,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. FMA Wealth Management LLC purchased a new position in shares of Fairlead Tactical Sector ETF in the fourth quarter worth about $986,000. Insight Wealth Partners LLC boosted its holdings in Fairlead Tactical Sector ETF by 7.4% in the 2nd quarter. Insight Wealth Partners LLC now owns 51,526 shares of the company’s stock worth $1,338,000 after buying an additional 3,552 shares during the period. Finally, Commonwealth Equity Services LLC raised its holdings in Fairlead Tactical Sector ETF by 5.2% during the 1st quarter. Commonwealth Equity Services LLC now owns 293,302 shares of the company’s stock valued at $7,755,000 after acquiring an additional 14,455 shares during the period.

Fairlead Tactical Sector ETF Price Performance

NYSEARCA:TACK opened at $27.73 on Wednesday. Fairlead Tactical Sector ETF has a 1 year low of $22.23 and a 1 year high of $28.04. The stock’s fifty day moving average price is $26.82 and its two-hundred day moving average price is $26.19. The company has a market cap of $230.16 million, a P/E ratio of 8.01 and a beta of 0.60.

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.