Pacer Advisors Inc. Increases Stake in Pacer Trendpilot US Bond ETF (NYSEARCA:PTBD)

Pacer Advisors Inc. raised its holdings in Pacer Trendpilot US Bond ETF (NYSEARCA:PTBD) by 7.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 534,535 shares of the company’s stock after buying an additional 38,949 shares during the period. Pacer Advisors Inc. owned approximately 6.01% of Pacer Trendpilot US Bond ETF worth $10,691,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Inspire Advisors LLC acquired a new stake in shares of Pacer Trendpilot US Bond ETF in the 3rd quarter valued at $6,200,000. Sanctuary Advisors LLC acquired a new stake in Pacer Trendpilot US Bond ETF in the second quarter valued at $3,704,000. ORG Wealth Partners LLC purchased a new stake in Pacer Trendpilot US Bond ETF during the 3rd quarter worth about $929,000. NewEdge Advisors LLC boosted its position in shares of Pacer Trendpilot US Bond ETF by 8.2% during the 2nd quarter. NewEdge Advisors LLC now owns 172,759 shares of the company’s stock worth $3,472,000 after acquiring an additional 13,122 shares in the last quarter. Finally, Valmark Advisers Inc. purchased a new position in shares of Pacer Trendpilot US Bond ETF in the 3rd quarter valued at about $224,000.

Pacer Trendpilot US Bond ETF Stock Performance

PTBD stock opened at $20.20 on Wednesday. The business has a 50 day moving average price of $20.18 and a 200 day moving average price of $20.36. Pacer Trendpilot US Bond ETF has a fifty-two week low of $19.88 and a fifty-two week high of $20.91.

About Pacer Trendpilot US Bond ETF

The Pacer Trendpilot US Bond ETF (PTBD) is an exchange-traded fund that is based on the Pacer Trendpilot US Bond index. The fund tracks an index that uses a momentum-driven proprietary strategy that toggles between U.S. High Yield Corporate Bonds and 7-10 Year Treasury Bonds. PTBD was launched on Oct 22, 2019 and is managed by Pacer.