SL Advisors LLC Purchases 850 Shares of Pacer American Energy Independence ETF (NYSEARCA:USAI)

SL Advisors LLC boosted its position in Pacer American Energy Independence ETF (NYSEARCA:USAI) by 0.9% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 96,615 shares of the company’s stock after purchasing an additional 850 shares during the period. Pacer American Energy Independence ETF accounts for approximately 6.4% of SL Advisors LLC’s portfolio, making the stock its 6th biggest position. SL Advisors LLC owned 0.06% of Pacer American Energy Independence ETF worth $3,843,000 as of its most recent filing with the Securities & Exchange Commission.

Pacer American Energy Independence ETF Price Performance

NYSEARCA USAI traded up $0.11 during trading hours on Wednesday, reaching $40.64. The company’s stock had a trading volume of 5,565 shares, compared to its average volume of 13,085. Pacer American Energy Independence ETF has a 1-year low of $28.21 and a 1-year high of $43.87. The company’s 50-day moving average is $39.80 and its two-hundred day moving average is $36.44. The firm has a market capitalization of $69.09 million, a price-to-earnings ratio of 20.06 and a beta of 0.51.

Pacer American Energy Independence ETF Company Profile

The Pacer American Energy Independence ETF (USAI) is an exchange-traded fund that is based on the American Energy Independence index. The fund tracks an index of US and Canadian MLPs involved in midstream energy infrastructure. USAI was launched on Dec 13, 2017 and is managed by Pacer.