Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF (NYSEARCA:QDPL) Reaches New 12-Month High – Still a Buy?

Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF (NYSEARCA:QDPL) shares hit a new 52-week high during trading on Thursday . The company traded as high as $44.00 and last traded at $43.95, with a volume of 130100 shares traded. The stock had previously closed at $43.51.

Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF Stock Performance

The stock has a market capitalization of $1.56 billion, a P/E ratio of 25.09 and a beta of 0.88. The stock has a 50 day moving average of $41.87 and a 200 day moving average of $42.31.

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. Investors of record on Friday, February 27th were given a $0.189 dividend. The ex-dividend date was Friday, February 27th. This represents a c) annualized dividend and a yield of 5.1%. This is a boost from Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF’s previous monthly dividend of $0.18.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of QDPL. EverSource Wealth Advisors LLC acquired a new position in Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF during the 2nd quarter valued at about $59,000. Ameriprise Financial Inc. acquired a new position in Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF during the 3rd quarter valued at about $202,000. RHL Group LLC acquired a new position in Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF during the 4th quarter valued at about $309,000. Arkadios Wealth Advisors acquired a new position in Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF during the 4th quarter valued at about $349,000. Finally, Sound Income Strategies LLC boosted its stake in Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF by 2,036.6% during the 4th quarter. Sound Income Strategies LLC now owns 8,226 shares of the company’s stock valued at $354,000 after purchasing an additional 7,841 shares during the period.

Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF Company Profile

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.