Axxcess Wealth Management LLC reduced its position in Pacer Trendpilot US Bond ETF (NYSEARCA:PTBD – Free Report) by 12.5% during the first quarter, HoldingsChannel reports. The firm owned 14,280 shares of the company’s stock after selling 2,040 shares during the period. Axxcess Wealth Management LLC’s holdings in Pacer Trendpilot US Bond ETF were worth $291,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. PFG Advisors raised its holdings in Pacer Trendpilot US Bond ETF by 6.9% during the first quarter. PFG Advisors now owns 49,002 shares of the company’s stock worth $999,000 after buying an additional 3,150 shares during the last quarter. Magnolia Capital Advisors LLC boosted its position in Pacer Trendpilot US Bond ETF by 1.6% during the first quarter. Magnolia Capital Advisors LLC now owns 174,765 shares of the company’s stock worth $3,474,000 after purchasing an additional 2,750 shares during the period. Private Advisor Group LLC bought a new position in Pacer Trendpilot US Bond ETF during the first quarter worth about $765,000. Creekmur Asset Management LLC bought a new position in shares of Pacer Trendpilot US Bond ETF in the fourth quarter valued at approximately $37,000. Finally, Avantax Advisory Services Inc. boosted its position in shares of Pacer Trendpilot US Bond ETF by 115.6% in the fourth quarter. Avantax Advisory Services Inc. now owns 168,833 shares of the company’s stock valued at $3,456,000 after acquiring an additional 90,517 shares during the period.
Pacer Trendpilot US Bond ETF Stock Up 0.2 %
Shares of PTBD opened at $20.39 on Friday. The firm’s 50 day simple moving average is $20.28 and its 200 day simple moving average is $20.29. Pacer Trendpilot US Bond ETF has a 1-year low of $19.05 and a 1-year high of $20.72.
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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