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

Shares of Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF (NYSEARCA:QDPL) reached a new 52-week high on Thursday . The company traded as high as $43.72 and last traded at $43.67, with a volume of 48044 shares traded. The stock had previously closed at $43.62.

Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF Stock Down 0.1%

The business has a 50 day simple moving average of $41.72 and a two-hundred day simple moving average of $42.24. The firm has a market cap of $1.54 billion, a PE 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 declared a monthly dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 27th were paid 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 5.2%. The ex-dividend date was Friday, February 27th.

Hedge Funds Weigh In On Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF

Several institutional investors have recently made changes to their positions in QDPL. EverSource Wealth Advisors LLC purchased a new position in shares of Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF during the second quarter valued at $59,000. Baird Financial Group Inc. increased its stake in shares of Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF by 8.2% during the second quarter. Baird Financial Group Inc. now owns 27,491 shares of the company’s stock valued at $1,085,000 after buying an additional 2,085 shares during the period. Private Trust Co. NA increased its stake in shares of Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF by 113.6% during the third quarter. Private Trust Co. NA now owns 10,479 shares of the company’s stock valued at $439,000 after buying an additional 5,573 shares during the period. Silverleafe Capital Partners LLC increased its stake in shares of Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF by 29.8% during the third quarter. Silverleafe Capital Partners LLC now owns 7,770 shares of the company’s stock valued at $326,000 after buying an additional 1,785 shares during the period. Finally, Nations Financial Group Inc. IA ADV increased its stake in shares of Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF by 122.4% during the third quarter. Nations Financial Group Inc. IA ADV now owns 26,645 shares of the company’s stock valued at $1,116,000 after buying an additional 14,667 shares during the period.

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.