Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF (NYSEARCA:QDPL) Stock Crosses Above 50 Day Moving Average – Here’s What Happened

Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF (NYSEARCA:QDPL) shares passed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $46.25 and traded as high as $46.39. Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF shares last traded at $46.37, with a volume of 91,481 shares trading hands.

Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF Stock Down 2.1%

The business has a 50-day moving average price of $46.22 and a 200-day moving average price of $44.48. The firm has a market capitalization of $1.81 billion, a price-to-earnings ratio of 25.09 and a beta of 0.89.

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

Institutional investors have recently added to or reduced their stakes in the business. BNB Wealth Management LLC increased its holdings in shares of Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF by 4.1% during the third quarter. BNB Wealth Management LLC now owns 44,640 shares of the company’s stock valued at $2,044,000 after acquiring an additional 1,754 shares in the last quarter. Compass Financial Management LLC purchased a new position in shares of Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF in the 2nd quarter valued at approximately $162,000. Continuum Advisory LLC acquired a new stake in Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF in the 2nd quarter worth approximately $70,000. Allied Private Wealth LLC acquired a new stake in Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF in the 2nd quarter worth approximately $46,000. Finally, Arkadios Wealth Advisors boosted its stake in Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF by 9.9% in the 1st quarter. Arkadios Wealth Advisors now owns 9,039 shares of the company’s stock worth $363,000 after purchasing an additional 813 shares in 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.