Pacer Trendpilot US Bond ETF (NYSEARCA:PTBD – Get Free Report)’s share price was down 0.1% during trading on Friday . The company traded as low as $18.92 and last traded at $18.93. Approximately 10,120 shares changed hands during mid-day trading, a decline of 56% from the average daily volume of 23,207 shares. The stock had previously closed at $18.95.
Pacer Trendpilot US Bond ETF Trading Down 0.1%
The company has a fifty day moving average of $19.09 and a two-hundred day moving average of $19.14.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of PTBD. Pacer Advisors Inc. raised its stake in shares of Pacer Trendpilot US Bond ETF by 4.7% in the first quarter. Pacer Advisors Inc. now owns 567,271 shares of the company’s stock valued at $10,767,000 after acquiring an additional 25,360 shares during the period. Creative Financial Designs Inc. ADV boosted its stake in shares of Pacer Trendpilot US Bond ETF by 4.8% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 277,610 shares of the company’s stock worth $5,386,000 after purchasing an additional 12,823 shares during the period. Magnolia Capital Advisors LLC boosted its stake in shares of Pacer Trendpilot US Bond ETF by 6.1% during the 4th quarter. Magnolia Capital Advisors LLC now owns 200,085 shares of the company’s stock worth $3,882,000 after purchasing an additional 11,416 shares during the period. NewEdge Advisors LLC boosted its stake in shares of Pacer Trendpilot US Bond ETF by 6.1% during the 1st quarter. NewEdge Advisors LLC now owns 160,037 shares of the company’s stock worth $3,038,000 after purchasing an additional 9,194 shares during the period. Finally, Jane Street Group LLC grew its holdings in Pacer Trendpilot US Bond ETF by 120.4% during the 4th quarter. Jane Street Group LLC now owns 132,132 shares of the company’s stock valued at $2,563,000 after purchasing an additional 72,172 shares during the last quarter.
Pacer Trendpilot US Bond ETF Company Profile
The Pacer Trendpilot US Bond ETF (PTBD) is an exchange-traded fund that is based on the Pacer Trendpilot US Bond index. The fund tracks an index that uses a momentum-driven proprietary strategy that toggles between U.S. High Yield Corporate Bonds and 7-10 Year Treasury Bonds. PTBD was launched on Oct 22, 2019 and is managed by Pacer.
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