Pacer Trendpilot US Bond ETF (NYSEARCA:PTBD) Shares Down 0.1% – Here’s Why

Shares of Pacer Trendpilot US Bond ETF (NYSEARCA:PTBDGet Free Report) were down 0.1% during trading on Monday . The stock traded as low as $19.11 and last traded at $19.11. 7,377 shares traded hands during trading, a decline of 72% from the average session volume of 26,070 shares. The stock had previously closed at $19.13.

Pacer Trendpilot US Bond ETF Stock Performance

The business’s 50 day moving average is $19.16 and its two-hundred day moving average is $19.24.

Institutional Investors Weigh In On Pacer Trendpilot US Bond ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Pacer Advisors Inc. raised its holdings in Pacer Trendpilot US Bond ETF by 4.7% during the first quarter. Pacer Advisors Inc. now owns 567,271 shares of the company’s stock valued at $10,767,000 after acquiring an additional 25,360 shares during the period. NewEdge Advisors LLC boosted its stake in shares of Pacer Trendpilot US Bond ETF by 6.1% in the first quarter. NewEdge Advisors LLC now owns 160,037 shares of the company’s stock worth $3,038,000 after acquiring an additional 9,194 shares during the period. Independent Financial Group LLC bought a new position in shares of Pacer Trendpilot US Bond ETF in the first quarter worth about $267,000. Kestra Advisory Services LLC grew its position in shares of Pacer Trendpilot US Bond ETF by 9.7% during the first quarter. Kestra Advisory Services LLC now owns 11,545 shares of the company’s stock worth $219,000 after purchasing an additional 1,024 shares in the last quarter. Finally, Ascentis Independent Advisors purchased a new stake in shares of Pacer Trendpilot US Bond ETF during the first quarter worth about $68,000.

Pacer Trendpilot US Bond ETF Company Profile

(Get Free Report)

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.

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