Pacer Advisors Inc. Sells 36,336 Shares of Pacer Trendpilot US Bond ETF $PTBD

Pacer Advisors Inc. reduced its position in Pacer Trendpilot US Bond ETF (NYSEARCA:PTBD) by 6.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 541,911 shares of the company’s stock after selling 36,336 shares during the period. Pacer Advisors Inc. owned 9.68% of Pacer Trendpilot US Bond ETF worth $10,513,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Goldman Sachs Group Inc. acquired a new position in shares of Pacer Trendpilot US Bond ETF during the fourth quarter valued at $1,809,000. Jane Street Group LLC increased its position in Pacer Trendpilot US Bond ETF by 120.4% in the fourth quarter. Jane Street Group LLC now owns 132,132 shares of the company’s stock worth $2,563,000 after purchasing an additional 72,172 shares during the period. Wealthspire Retirement LLC bought a new stake in Pacer Trendpilot US Bond ETF during the 4th quarter worth about $567,000. Hyundai Investments Co. Ltd. bought a new stake in Pacer Trendpilot US Bond ETF during the 4th quarter worth about $429,000. Finally, Farther Finance Advisors LLC raised its holdings in Pacer Trendpilot US Bond ETF by 2,182.1% during the 4th quarter. Farther Finance Advisors LLC now owns 18,919 shares of the company’s stock worth $367,000 after purchasing an additional 18,090 shares during the last quarter.

Pacer Trendpilot US Bond ETF Stock Performance

Pacer Trendpilot US Bond ETF stock opened at $19.26 on Monday. Pacer Trendpilot US Bond ETF has a 1 year low of $18.69 and a 1 year high of $20.00. The company’s 50-day moving average is $19.19 and its two-hundred day moving average is $19.28.

Pacer Trendpilot US Bond ETF Profile

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.