Pacer American Energy Independence ETF Declares Monthly Dividend of $0.16 (NYSEARCA:USAI)

Pacer American Energy Independence ETF (NYSEARCA:USAI) declared a monthly dividend on Wednesday, January 21st. Shareholders of record on Thursday, January 22nd will be given a dividend of 0.16 per share on Monday, January 26th. This represents a c) dividend on an annualized basis and a yield of 4.9%. The ex-dividend date of this dividend is Thursday, January 22nd.

Pacer American Energy Independence ETF Price Performance

Shares of NYSEARCA:USAI opened at $39.56 on Thursday. The company’s fifty day moving average price is $38.19 and its 200-day moving average price is $38.73. The firm has a market capitalization of $83.08 million, a price-to-earnings ratio of 19.96 and a beta of 0.85. Pacer American Energy Independence ETF has a one year low of $34.20 and a one year high of $43.94.

Institutional Investors Weigh In On Pacer American Energy Independence ETF

Hedge funds have recently added to or reduced their stakes in the company. CoreCap Advisors LLC boosted its holdings in shares of Pacer American Energy Independence ETF by 13.3% in the 3rd quarter. CoreCap Advisors LLC now owns 3,083 shares of the company’s stock worth $123,000 after purchasing an additional 361 shares in the last quarter. Lodestone Wealth Management LLC grew its holdings in shares of Pacer American Energy Independence ETF by 7.9% during the 3rd quarter. Lodestone Wealth Management LLC now owns 7,324 shares of the company’s stock valued at $292,000 after purchasing an additional 538 shares during the last quarter. Flow Traders U.S. LLC bought a new stake in Pacer American Energy Independence ETF in the second quarter worth $582,000. Finally, SL Advisors LLC increased its holdings in shares of Pacer American Energy Independence ETF by 14.9% in the fourth quarter. SL Advisors LLC now owns 95,895 shares of the company’s stock worth $3,658,000 after buying an additional 12,430 shares during the period.

Pacer American Energy Independence ETF Company Profile

The Pacer American Energy Independence ETF (USAI) is an exchange-traded fund that is based on the American Energy Independence index. The fund tracks an index of US and Canadian MLPs involved in midstream energy infrastructure. USAI was launched on Dec 13, 2017 and is managed by Pacer.