Cabana Target Leading Sector Moderate ETF $CLSM Shares Sold by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC lowered its position in Cabana Target Leading Sector Moderate ETF (NASDAQ:CLSM) by 12.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,432,086 shares of the company’s stock after selling 470,275 shares during the quarter. Cabana Target Leading Sector Moderate ETF makes up approximately 1.2% of Foundations Investment Advisors LLC’s portfolio, making the stock its 18th biggest position. Foundations Investment Advisors LLC owned approximately 65.25% of Cabana Target Leading Sector Moderate ETF worth $74,236,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Signal Advisors Wealth LLC lifted its holdings in shares of Cabana Target Leading Sector Moderate ETF by 2.9% during the second quarter. Signal Advisors Wealth LLC now owns 17,892 shares of the company’s stock worth $387,000 after purchasing an additional 512 shares during the period. Harbour Investments Inc. grew its holdings in Cabana Target Leading Sector Moderate ETF by 66.3% in the second quarter. Harbour Investments Inc. now owns 2,102 shares of the company’s stock valued at $45,000 after purchasing an additional 838 shares during the last quarter. Finally, Avaii Wealth Management LLC purchased a new position in Cabana Target Leading Sector Moderate ETF during the 2nd quarter valued at about $365,000.

Cabana Target Leading Sector Moderate ETF Price Performance

Shares of Cabana Target Leading Sector Moderate ETF stock opened at $23.19 on Friday. Cabana Target Leading Sector Moderate ETF has a 1 year low of $18.24 and a 1 year high of $23.82. The business has a 50 day moving average price of $23.13 and a 200 day moving average price of $22.02. The company has a market capitalization of $110.85 million, a P/E ratio of 20.00 and a beta of 0.50.

Cabana Target Leading Sector Moderate ETF Company Profile

The Cabana Target Leading Sector Moderate ETF (CLSM) is an exchange-traded fund that mostly invests in target risk asset allocation. The fund seeks long-term growth by allocating to a mix of broad asset class ETFs in response to economic conditions. The fund uses an algorithm to select investments in sectors that it identifies as attractive pursuant to its moderate risk profile.