B. Riley Wealth Advisors Inc. Cuts Stock Position in Pacer Trendpilot US Large Cap ETF (BATS:PTLC)

B. Riley Wealth Advisors Inc. cut its holdings in Pacer Trendpilot US Large Cap ETF (BATS:PTLC) by 10.5% in the third quarter, HoldingsChannel reports. The firm owned 36,289 shares of the company’s stock after selling 4,268 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Pacer Trendpilot US Large Cap ETF were worth $1,899,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. LPL Financial LLC grew its holdings in shares of Pacer Trendpilot US Large Cap ETF by 6.8% in the third quarter. LPL Financial LLC now owns 3,237,972 shares of the company’s stock valued at $170,155,000 after purchasing an additional 204,965 shares in the last quarter. CFS Investment Advisory Services LLC boosted its stake in Pacer Trendpilot US Large Cap ETF by 0.7% during the third quarter. CFS Investment Advisory Services LLC now owns 1,956,920 shares of the company’s stock worth $102,836,000 after buying an additional 13,836 shares during the period. Raymond James Financial Services Advisors Inc. boosted its stake in Pacer Trendpilot US Large Cap ETF by 0.9% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 1,533,550 shares of the company’s stock worth $76,309,000 after buying an additional 13,275 shares during the period. Commonwealth Equity Services LLC boosted its stake in Pacer Trendpilot US Large Cap ETF by 1.3% during the third quarter. Commonwealth Equity Services LLC now owns 1,263,196 shares of the company’s stock worth $66,381,000 after buying an additional 16,057 shares during the period. Finally, Ferguson Shapiro LLC boosted its stake in Pacer Trendpilot US Large Cap ETF by 105.3% during the third quarter. Ferguson Shapiro LLC now owns 1,167,237 shares of the company’s stock worth $61,338,000 after buying an additional 598,695 shares during the period.

Pacer Trendpilot US Large Cap ETF Price Performance

BATS PTLC opened at $55.31 on Monday. The stock’s 50 day moving average price is $54.00 and its two-hundred day moving average price is $51.60. The stock has a market capitalization of $3.17 billion, a price-to-earnings ratio of 26.16 and a beta of 0.98.

Pacer Trendpilot US Large Cap ETF Profile

The Pacer Trendpilot US Large Cap ETF (PTLC) is an exchange-traded fund that is based on the Pacer Trendpilot US Large Cap index. The fund tracks an index that allocates to a proprietary US large-cap index and\u002For 3-month US T-bills, according to momentum. PTLC was launched on Jun 11, 2015 and is managed by Pacer.