Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF (NYSEARCA:QDPL) Hits New 52-Week High – Here’s Why

Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF (NYSEARCA:QDPL)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $44.35 and last traded at $44.32, with a volume of 120111 shares changing hands. The stock had previously closed at $43.88.

Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF Price Performance

The business’s fifty day moving average is $42.00 and its 200 day moving average is $42.38. The firm has a market capitalization of $1.59 billion, a price-to-earnings ratio of 25.09 and a beta of 0.88.

Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 27th were given a dividend of $0.189 per share. This is an increase from Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF’s previous monthly dividend of $0.18. This represents a c) annualized dividend and a dividend yield of 5.1%. The ex-dividend date of this dividend was Friday, February 27th.

Institutional Investors Weigh In On Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Marshall & Sterling Wealth Advisors Inc. boosted its position in Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF by 2.0% during the 4th quarter. Marshall & Sterling Wealth Advisors Inc. now owns 106,630 shares of the company’s stock worth $4,530,000 after acquiring an additional 2,072 shares during the last quarter. Farther Finance Advisors LLC acquired a new stake in shares of Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF in the fourth quarter valued at approximately $2,773,000. West Michigan Advisors LLC raised its holdings in shares of Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF by 3.7% in the fourth quarter. West Michigan Advisors LLC now owns 63,026 shares of the company’s stock valued at $2,688,000 after purchasing an additional 2,262 shares during the last quarter. Advisory Services Network LLC lifted its position in shares of Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF by 2.4% in the fourth quarter. Advisory Services Network LLC now owns 54,584 shares of the company’s stock worth $2,319,000 after purchasing an additional 1,267 shares in the last quarter. Finally, Integrated Wealth Concepts LLC boosted its holdings in Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF by 1.5% during the fourth quarter. Integrated Wealth Concepts LLC now owns 54,044 shares of the company’s stock worth $2,296,000 after purchasing an additional 814 shares during the last quarter.

About Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF

The Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF (QDPL) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund tracks an index based on the stocks in the S&P 500 Index, long S&P Dividend futures and 3-year Treasurys. The objective is to provide 400% of the ordinary yield of the S&P 500 Index in exchange for reduced participation in the price performance. QDPL was launched on Jul 12, 2021 and is managed by Pacer.