Pacer Data & Infrastructure Real Estate ETF (NYSEARCA:SRVR) Stock Price Down 0.2% – Time to Sell?

Shares of Pacer Data & Infrastructure Real Estate ETF (NYSEARCA:SRVR) dropped 0.2% during mid-day trading on Tuesday . The company traded as low as $29.57 and last traded at $29.61. Approximately 58,794 shares traded hands during mid-day trading, a decline of 10% from the average daily volume of 65,048 shares. The stock had previously closed at $29.68.

Pacer Data & Infrastructure Real Estate ETF Price Performance

The firm’s 50 day moving average price is $30.46 and its 200 day moving average price is $31.33. The stock has a market capitalization of $404.18 million, a P/E ratio of 41.56 and a beta of 0.94.

Institutional Investors Weigh In On Pacer Data & Infrastructure Real Estate ETF

Several institutional investors and hedge funds have recently bought and sold shares of SRVR. Ameriprise Financial Inc. bought a new stake in Pacer Data & Infrastructure Real Estate ETF in the second quarter valued at $36,420,000. Copia Wealth Management raised its holdings in Pacer Data & Infrastructure Real Estate ETF by 516.0% in the 2nd quarter. Copia Wealth Management now owns 11,777 shares of the company’s stock worth $381,000 after purchasing an additional 9,865 shares in the last quarter. Foster & Motley Inc. lifted its position in shares of Pacer Data & Infrastructure Real Estate ETF by 1.3% in the 3rd quarter. Foster & Motley Inc. now owns 370,525 shares of the company’s stock worth $11,738,000 after purchasing an additional 4,659 shares during the period. Invenio Wealth Partners LLC boosted its stake in shares of Pacer Data & Infrastructure Real Estate ETF by 5.7% during the 3rd quarter. Invenio Wealth Partners LLC now owns 51,841 shares of the company’s stock valued at $1,642,000 after purchasing an additional 2,793 shares in the last quarter. Finally, Patron Partners LLC raised its stake in Pacer Data & Infrastructure Real Estate ETF by 4.8% in the second quarter. Patron Partners LLC now owns 14,299 shares of the company’s stock worth $462,000 after buying an additional 651 shares in the last quarter.

Pacer Data & Infrastructure Real Estate ETF Company Profile

The Pacer Benchmark Data & Infrastructure Real Estate SCTR ETF (SRVR) is an exchange-traded fund that mostly invests in real estate equity. The fund tracks a market cap-weighted index of real estate companies from developed markets that are related to data and infrastructure. SRVR was launched on May 15, 2018 and is managed by Pacer.