Verity Asset Management Inc. Makes New $247,000 Investment in Fairlead Tactical Sector ETF (NYSEARCA:TACK)

Verity Asset Management Inc. bought a new stake in Fairlead Tactical Sector ETF (NYSEARCA:TACK) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 9,020 shares of the company’s stock, valued at approximately $247,000. Verity Asset Management Inc. owned about 0.11% of Fairlead Tactical Sector ETF at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of TACK. Oregon Pacific Wealth Management LLC purchased a new position in Fairlead Tactical Sector ETF in the 4th quarter valued at $232,000. FMA Wealth Management LLC boosted its holdings in shares of Fairlead Tactical Sector ETF by 6.9% in the third quarter. FMA Wealth Management LLC now owns 48,947 shares of the company’s stock valued at $1,377,000 after acquiring an additional 3,153 shares in the last quarter. Insight Wealth Partners LLC increased its stake in shares of Fairlead Tactical Sector ETF by 1.6% during the third quarter. Insight Wealth Partners LLC now owns 52,329 shares of the company’s stock worth $1,472,000 after acquiring an additional 803 shares during the period. HighTower Advisors LLC raised its holdings in Fairlead Tactical Sector ETF by 262.5% during the third quarter. HighTower Advisors LLC now owns 58,751 shares of the company’s stock worth $1,653,000 after purchasing an additional 42,546 shares in the last quarter. Finally, Cary Street Partners Asset Management LLC boosted its holdings in Fairlead Tactical Sector ETF by 1.2% in the 3rd quarter. Cary Street Partners Asset Management LLC now owns 2,486,557 shares of the company’s stock valued at $69,950,000 after purchasing an additional 30,457 shares in the last quarter.

Fairlead Tactical Sector ETF Trading Up 0.1 %

NYSEARCA TACK opened at $28.17 on Wednesday. The business’s 50 day moving average is $28.03 and its two-hundred day moving average is $27.73. The stock has a market capitalization of $233.81 million, a price-to-earnings ratio of 8.01 and a beta of 0.60. Fairlead Tactical Sector ETF has a 12-month low of $24.84 and a 12-month high of $29.99.

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.