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

Shares of Pacer Trendpilot US Bond ETF (NYSEARCA:PTBD) traded down 0.1% during mid-day trading on Monday. The stock traded as low as $18.33 and last traded at $18.35. 28,816 shares traded hands during trading, an increase of 22% from the average session volume of 23,697 shares. The stock had previously closed at $18.37.

Pacer Trendpilot US Bond ETF Stock Up 0.3%

The business’s 50 day moving average is $18.60 and its 200 day moving average is $19.04.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Mather Group LLC. purchased a new position in shares of Pacer Trendpilot US Bond ETF in the 3rd quarter worth approximately $45,000. Ascentis Independent Advisors acquired a new stake in Pacer Trendpilot US Bond ETF in the first quarter valued at approximately $68,000. Kestra Advisory Services LLC increased 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. Independent Financial Group LLC acquired a new position in shares of Pacer Trendpilot US Bond ETF during the first quarter worth $267,000. Finally, Rockefeller Capital Management L.P. lifted its holdings in shares of Pacer Trendpilot US Bond ETF by 191.8% during the 4th quarter. Rockefeller Capital Management L.P. now owns 14,546 shares of the company’s stock valued at $282,000 after purchasing an additional 9,561 shares during the last quarter.

Pacer Trendpilot US Bond ETF Company 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.