Pacer Data & Infrastructure Real Estate ETF (NYSEARCA:SRVR) Shares Down 0.7% – Time to Sell?

Pacer Data & Infrastructure Real Estate ETF (NYSEARCA:SRVR) shares fell 0.7% on Wednesday. The company traded as low as $28.29 and last traded at $28.33. 87,915 shares traded hands during mid-day trading, a decline of 18% from the average session volume of 107,775 shares. The stock had previously closed at $28.52.

Pacer Data & Infrastructure Real Estate ETF Price Performance

The firm’s 50 day simple moving average is $30.80 and its 200-day simple moving average is $32.28. The company has a market cap of $320.13 million, a price-to-earnings ratio of 41.56 and a beta of 0.99.

Institutional Trading of Pacer Data & Infrastructure Real Estate ETF

A hedge fund recently bought a new position in Pacer Data & Infrastructure Real Estate ETF stock. Foster & Motley Inc. bought a new stake in Pacer Data & Infrastructure Real Estate ETF (NYSEARCA:SRVR) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 395,271 shares of the company’s stock, valued at approximately $12,558,000. Foster & Motley Inc. owned 3.28% of Pacer Data & Infrastructure Real Estate ETF as of its most recent SEC filing.

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.