Raymond James Financial Inc. Takes $722,000 Position in Pacer Trendpilot Fund of Funds ETF (NYSEARCA:TRND)

Raymond James Financial Inc. bought a new position in Pacer Trendpilot Fund of Funds ETF (NYSEARCA:TRND) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 22,224 shares of the company’s stock, valued at approximately $722,000. Raymond James Financial Inc. owned approximately 1.35% of Pacer Trendpilot Fund of Funds ETF as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Kestra Investment Management LLC purchased a new stake in shares of Pacer Trendpilot Fund of Funds ETF in the fourth quarter worth about $67,000. Envestnet Asset Management Inc. grew its holdings in shares of Pacer Trendpilot Fund of Funds ETF by 8.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 12,264 shares of the company’s stock valued at $398,000 after purchasing an additional 909 shares in the last quarter. LPL Financial LLC increased its position in Pacer Trendpilot Fund of Funds ETF by 68.2% in the fourth quarter. LPL Financial LLC now owns 87,640 shares of the company’s stock worth $2,846,000 after purchasing an additional 35,536 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its stake in Pacer Trendpilot Fund of Funds ETF by 1.9% during the fourth quarter. Commonwealth Equity Services LLC now owns 537,991 shares of the company’s stock valued at $17,468,000 after purchasing an additional 10,071 shares in the last quarter.

Pacer Trendpilot Fund of Funds ETF Stock Down 0.2 %

Shares of NYSEARCA:TRND opened at $30.93 on Wednesday. The firm has a fifty day simple moving average of $31.65 and a two-hundred day simple moving average of $32.84. Pacer Trendpilot Fund of Funds ETF has a 52 week low of $30.43 and a 52 week high of $34.44. The stock has a market capitalization of $54.13 million, a P/E ratio of 19.14 and a beta of 0.51.

Pacer Trendpilot Fund of Funds ETF Company Profile

The Pacer Trendpilot Fund of Funds ETF (TRND) is an exchange-traded fund that is based on the Pacer Trendpilot Fund of Funds index. TRND, a fund of funds, provides exposure to large- and mid-cap companies in developed markets including the US. Its underlying funds use momentum to toggle to cash at 50% or 100%.