Lokken Investment Group LLC Sells 15,544 Shares of Fairlead Tactical Sector ETF (NYSEARCA:TACK)

Lokken Investment Group LLC cut its stake in shares of Fairlead Tactical Sector ETF (NYSEARCA:TACK) by 25.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,532 shares of the company’s stock after selling 15,544 shares during the period. Lokken Investment Group LLC owned 0.55% of Fairlead Tactical Sector ETF worth $1,245,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. IFP Advisors Inc raised its holdings in Fairlead Tactical Sector ETF by 149.5% during the 4th quarter. IFP Advisors Inc now owns 3,867 shares of the company’s stock valued at $106,000 after buying an additional 2,317 shares during the period. HighTower Advisors LLC raised its stake in shares of Fairlead Tactical Sector ETF by 262.5% in the third quarter. HighTower Advisors LLC now owns 58,751 shares of the company’s stock valued at $1,653,000 after acquiring an additional 42,546 shares during the period. Commonwealth Equity Services LLC lifted its holdings in shares of Fairlead Tactical Sector ETF by 4.7% in the 4th quarter. Commonwealth Equity Services LLC now owns 304,512 shares of the company’s stock worth $8,328,000 after acquiring an additional 13,671 shares during the last quarter. Verity Asset Management Inc. purchased a new position in shares of Fairlead Tactical Sector ETF during the 4th quarter worth about $247,000. Finally, NBZ Investment Advisors LLC purchased a new position in shares of Fairlead Tactical Sector ETF during the 4th quarter worth about $6,959,000.

Fairlead Tactical Sector ETF Price Performance

Fairlead Tactical Sector ETF stock opened at $27.19 on Tuesday. Fairlead Tactical Sector ETF has a 1-year low of $24.85 and a 1-year high of $29.99. The company’s 50-day moving average is $27.85 and its 200 day moving average is $28.01. The firm has a market capitalization of $213.71 million, a P/E ratio of 21.90 and a beta of 0.56.

Fairlead Tactical Sector ETF Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, April 1st. Investors of record on Thursday, March 27th will be issued a dividend of $0.0678 per share. The ex-dividend date is Thursday, March 27th.

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.