Freedom Investment Management Inc. reduced its stake in shares of Pacer Trendpilot US Large Cap ETF (BATS:PTLC – Free Report) by 7.7% in the fourth quarter, HoldingsChannel reports. The firm owned 17,629 shares of the company’s stock after selling 1,479 shares during the period. Freedom Investment Management Inc.’s holdings in Pacer Trendpilot US Large Cap ETF were worth $942,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. Principal Securities Inc. purchased a new position in Pacer Trendpilot US Large Cap ETF in the fourth quarter worth $36,000. Crewe Advisors LLC purchased a new position in Pacer Trendpilot US Large Cap ETF during the 4th quarter worth $38,000. Assetmark Inc. increased its position in Pacer Trendpilot US Large Cap ETF by 77.3% during the 4th quarter. Assetmark Inc. now owns 1,138 shares of the company’s stock valued at $61,000 after buying an additional 496 shares in the last quarter. Empowered Funds LLC purchased a new stake in Pacer Trendpilot US Large Cap ETF in the fourth quarter valued at about $96,000. Finally, Farther Finance Advisors LLC purchased a new stake in Pacer Trendpilot US Large Cap ETF in the fourth quarter valued at about $150,000.
Pacer Trendpilot US Large Cap ETF Stock Performance
Shares of PTLC stock opened at $48.61 on Friday. Pacer Trendpilot US Large Cap ETF has a fifty-two week low of $45.21 and a fifty-two week high of $55.90. The firm has a market capitalization of $3.08 billion, a price-to-earnings ratio of 23.52 and a beta of 0.53. The stock’s 50-day simple moving average is $51.71 and its 200-day simple moving average is $53.31.
About Pacer Trendpilot US Large Cap ETF
The Pacer Trendpilot US Large Cap ETF (PTLC) is an exchange-traded fund that is based on the Pacer Trendpilot US Large Cap index. The fund tracks an index that allocates to a proprietary US large-cap index and\u002For 3-month US T-bills, according to momentum. PTLC was launched on Jun 11, 2015 and is managed by Pacer.
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