Pacer Trendpilot US Bond ETF (NYSEARCA:PTBD) Shares Down 0.1% – What’s Next?

Pacer Trendpilot US Bond ETF (NYSEARCA:PTBD) dropped 0.1% during mid-day trading on Thursday . The stock traded as low as $19.46 and last traded at $19.47. Approximately 11,640 shares changed hands during trading, a decline of 67% from the average daily volume of 34,919 shares. The stock had previously closed at $19.48.

Pacer Trendpilot US Bond ETF Price Performance

The company has a 50-day moving average of $19.45 and a 200 day moving average of $19.64.

Pacer Trendpilot US Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Monday, January 26th. Stockholders of record on Thursday, January 22nd were issued a $0.0612 dividend. The ex-dividend date was Thursday, January 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. IFP Advisors Inc bought a new position in Pacer Trendpilot US Bond ETF during the second quarter valued at $101,000. Geneos Wealth Management Inc. boosted its stake in shares of Pacer Trendpilot US Bond ETF by 17.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 6,277 shares of the company’s stock worth $124,000 after purchasing an additional 910 shares during the period. Truist Financial Corp grew its holdings in Pacer Trendpilot US Bond ETF by 5.0% during the 4th quarter. Truist Financial Corp now owns 12,647 shares of the company’s stock valued at $245,000 after purchasing an additional 603 shares during the last quarter. Farther Finance Advisors LLC grew 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 valued at $367,000 after purchasing an additional 18,090 shares during the last quarter. Finally, ORG Partners LLC raised its position in Pacer Trendpilot US Bond ETF by 3.2% in the 4th quarter. ORG Partners LLC now owns 21,599 shares of the company’s stock worth $419,000 after purchasing an additional 670 shares during the period.

Pacer Trendpilot US Bond ETF Company 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.