Fairlead Tactical Sector ETF (NYSEARCA:TACK) Declares $0.09 Quarterly Dividend

Fairlead Tactical Sector ETF (NYSEARCA:TACK) announced a quarterly dividend on Monday, December 29th. Shareholders of record on Tuesday, December 30th will be given a dividend of 0.0871 per share on Monday, January 5th. This represents a c) annualized dividend and a yield of 1.2%. The ex-dividend date is Tuesday, December 30th.

Fairlead Tactical Sector ETF Trading Down 0.6%

Shares of TACK opened at $30.26 on Tuesday. The company has a market capitalization of $275.37 million, a price-to-earnings ratio of 17.28 and a beta of 0.55. Fairlead Tactical Sector ETF has a 12 month low of $24.45 and a 12 month high of $30.52. The stock has a 50 day moving average of $29.94 and a 200 day moving average of $29.30.

Hedge Funds Weigh In On Fairlead Tactical Sector ETF

Several institutional investors have recently bought and sold shares of the company. Grey Fox Wealth Advisors LLC purchased a new position in shares of Fairlead Tactical Sector ETF during the 3rd quarter valued at $95,000. D.A. Davidson & CO. bought a new stake in Fairlead Tactical Sector ETF during the second quarter valued at $200,000. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Fairlead Tactical Sector ETF during the second quarter worth about $211,000. Comerica Bank purchased a new position in Fairlead Tactical Sector ETF in the 3rd quarter worth approximately $239,000. Finally, First Foundation Advisors bought a new position in Fairlead Tactical Sector ETF in the third quarter valued at $275,000.

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.