Pacer Advisors Inc. Lowers Position in Pacer Trendpilot US Bond ETF $PTBD

Pacer Advisors Inc. reduced its stake in Pacer Trendpilot US Bond ETF (NYSEARCA:PTBD) by 6.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 541,911 shares of the company’s stock after selling 36,336 shares during the quarter. Pacer Advisors Inc. owned 0.10% of Pacer Trendpilot US Bond ETF worth $10,513,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of PTBD. Geneos Wealth Management Inc. raised its position in Pacer Trendpilot US Bond ETF by 17.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 6,277 shares of the company’s stock valued at $124,000 after buying an additional 910 shares during the last quarter. Truist Financial Corp raised its position in Pacer Trendpilot US Bond ETF by 5.0% in the 4th quarter. Truist Financial Corp now owns 12,647 shares of the company’s stock valued at $245,000 after buying an additional 603 shares during the last quarter. Farther Finance Advisors LLC raised its position in Pacer Trendpilot US Bond ETF by 2,182.1% in the 4th quarter. Farther Finance Advisors LLC now owns 18,919 shares of the company’s stock valued at $367,000 after buying an additional 18,090 shares during the last quarter. 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 valued at $419,000 after buying an additional 670 shares during the last quarter. Finally, Private Advisor Group LLC increased its position in shares of Pacer Trendpilot US Bond ETF by 14.3% during the 3rd quarter. Private Advisor Group LLC now owns 43,409 shares of the company’s stock valued at $861,000 after purchasing an additional 5,425 shares during the last quarter.

Pacer Trendpilot US Bond ETF Stock Down 0.1%

Shares of Pacer Trendpilot US Bond ETF stock opened at $19.18 on Thursday. Pacer Trendpilot US Bond ETF has a 1 year low of $18.69 and a 1 year high of $20.00. The stock has a fifty day moving average price of $19.12 and a 200-day moving average price of $19.37.

Pacer Trendpilot US Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Wednesday, February 25th were given a dividend of $0.1074 per share. The ex-dividend date of this dividend was Wednesday, February 25th. This represents a c) annualized dividend and a dividend yield of 6.7%. This is a boost from Pacer Trendpilot US Bond ETF’s previous monthly dividend of $0.06.

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.