Pacer Data & Infrastructure Real Estate ETF (NYSEARCA:SRVR) Shares Up 0.9% – Still a Buy?

Pacer Data & Infrastructure Real Estate ETF (NYSEARCA:SRVR)’s share price shot up 0.9% during mid-day trading on Monday . The company traded as high as $32.33 and last traded at $32.25. 61,992 shares were traded during mid-day trading, a decline of 49% from the average session volume of 122,144 shares. The stock had previously closed at $31.95.

Pacer Data & Infrastructure Real Estate ETF Stock Performance

The firm has a market capitalization of $361.20 million, a P/E ratio of 41.56 and a beta of 0.94. The stock has a 50 day moving average of $32.02 and a 200-day moving average of $30.87.

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

Several institutional investors have recently added to or reduced their stakes in SRVR. Ameriprise Financial Inc. purchased a new stake in Pacer Data & Infrastructure Real Estate ETF during the 2nd quarter valued at $36,420,000. Foster & Motley Inc. boosted its position in Pacer Data & Infrastructure Real Estate ETF by 1.3% during the 3rd quarter. Foster & Motley Inc. now owns 370,525 shares of the company’s stock valued at $11,738,000 after buying an additional 4,659 shares during the period. Copia Wealth Management boosted its position in Pacer Data & Infrastructure Real Estate ETF by 3.3% during the 3rd quarter. Copia Wealth Management now owns 12,161 shares of the company’s stock valued at $385,000 after buying an additional 384 shares during the period. Finally, Invenio Wealth Partners LLC boosted its position in 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 buying an additional 2,793 shares during the period.

About Pacer Data & Infrastructure Real Estate ETF

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.