Royal Bank of Canada Purchases 23,921 Shares of Pacer WealthShield ETF $PWS

Royal Bank of Canada lifted its position in shares of Pacer WealthShield ETF (BATS:PWS) by 113.8% during the 1st quarter, Holdings Channel reports. The firm owned 44,940 shares of the company’s stock after purchasing an additional 23,921 shares during the quarter. Royal Bank of Canada owned about 0.05% of Pacer WealthShield ETF worth $1,439,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Ascentis Independent Advisors bought a new stake in shares of Pacer WealthShield ETF in the 1st quarter valued at about $163,000. Kestra Advisory Services LLC bought a new position in Pacer WealthShield ETF during the fourth quarter worth about $181,000. Finally, Jane Street Group LLC acquired a new position in Pacer WealthShield ETF during the fourth quarter worth approximately $229,000.

Pacer WealthShield ETF Stock Up 0.9%

Shares of BATS PWS opened at $33.80 on Thursday. The business’s 50 day moving average price is $32.60 and its two-hundred day moving average price is $32.38. The company has a market cap of $28.73 million, a PE ratio of 23.24 and a beta of 0.55. Pacer WealthShield ETF has a twelve month low of $30.85 and a twelve month high of $33.83.

Pacer WealthShield ETF Company Profile

The Pacer WealthShield ETF (PWS) is an exchange-traded fund that is based on the Pacer WealthShield index. The fund tracks an index that toggles between equity and Treasurys, or a combination of both, on a monthly basis depending on monthly moving averages. PWS was launched on Dec 11, 2017 and is managed by Pacer.