WBI Investments LLC Trims Stock Holdings in Pacer Trendpilot US Mid Cap ETF $PTMC

WBI Investments LLC cut its holdings in shares of Pacer Trendpilot US Mid Cap ETF (BATS:PTMC) by 7.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 87,320 shares of the company’s stock after selling 7,104 shares during the period. Pacer Trendpilot US Mid Cap ETF accounts for about 0.8% of WBI Investments LLC’s holdings, making the stock its 20th biggest position. WBI Investments LLC owned approximately 0.70% of Pacer Trendpilot US Mid Cap ETF worth $3,046,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of PTMC. Assetmark Inc. acquired a new stake in Pacer Trendpilot US Mid Cap ETF during the 1st quarter worth $32,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Pacer Trendpilot US Mid Cap ETF in the first quarter valued at about $48,000. TD Private Client Wealth LLC acquired a new stake in shares of Pacer Trendpilot US Mid Cap ETF during the second quarter worth about $105,000. Cyndeo Wealth Partners LLC acquired a new stake in shares of Pacer Trendpilot US Mid Cap ETF during the second quarter worth about $204,000. Finally, Mascagni Wealth Management Inc. grew its holdings in shares of Pacer Trendpilot US Mid Cap ETF by 15.3% during the second quarter. Mascagni Wealth Management Inc. now owns 8,454 shares of the company’s stock worth $295,000 after buying an additional 1,120 shares during the last quarter.

Pacer Trendpilot US Mid Cap ETF Stock Down 7.6%

Shares of PTMC stock opened at $34.55 on Tuesday. The stock’s 50-day moving average price is $35.70 and its 200 day moving average price is $35.17. The stock has a market capitalization of $433.55 million, a PE ratio of 17.49 and a beta of 0.55. Pacer Trendpilot US Mid Cap ETF has a 52-week low of $33.39 and a 52-week high of $40.66.

Pacer Trendpilot US Mid Cap ETF Company Profile

The Pacer Trendpilot US Mid Cap ETF (PTMC) is an exchange-traded fund that is based on the Pacer Trendpilot US Mid Cap index. The fund tracks an index that allocates to a proprietary US mid-cap Index and\u002For 3-month US T-bills, according to momentum. PTMC was launched on Jun 11, 2015 and is managed by Pacer.