Raymond James & Associates Lowers Stake in Pacer Trendpilot US Bond ETF (NYSEARCA:PTBD)

Raymond James & Associates lowered its position in shares of Pacer Trendpilot US Bond ETF (NYSEARCA:PTBD) by 16.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 120,715 shares of the company’s stock after selling 23,764 shares during the quarter. Raymond James & Associates owned 1.36% of Pacer Trendpilot US Bond ETF worth $2,426,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC boosted its position in shares of Pacer Trendpilot US Bond ETF by 0.9% during the fourth quarter. International Assets Investment Management LLC now owns 66,969 shares of the company’s stock worth $1,371,000 after acquiring an additional 604 shares during the last quarter. Creekmur Asset Management LLC bought a new position in shares of Pacer Trendpilot US Bond ETF during the fourth quarter worth $37,000. Avantax Advisory Services Inc. boosted its position in shares of Pacer Trendpilot US Bond ETF by 115.6% during the fourth quarter. Avantax Advisory Services Inc. now owns 168,833 shares of the company’s stock worth $3,456,000 after acquiring an additional 90,517 shares during the last quarter. Atria Wealth Solutions Inc. bought a new position in shares of Pacer Trendpilot US Bond ETF during the fourth quarter worth $205,000. Finally, PFG Advisors boosted its position in shares of 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 acquiring an additional 3,150 shares during the last quarter.

Pacer Trendpilot US Bond ETF Stock Performance

Shares of NYSEARCA:PTBD opened at $20.39 on Monday. The firm has a fifty day moving average price of $20.38 and a 200 day moving average price of $20.30. Pacer Trendpilot US Bond ETF has a fifty-two week low of $19.05 and a fifty-two week 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.