Pacer Trendpilot US Bond ETF (NYSEARCA:PTBD) Trading 0.3% Higher – Time to Buy?

Pacer Trendpilot US Bond ETF (NYSEARCA:PTBD)’s stock price shot up 0.3% during trading on Monday . The company traded as high as $19.65 and last traded at $19.63. 90,943 shares traded hands during mid-day trading, an increase of 93% from the average session volume of 47,021 shares. The stock had previously closed at $19.58.

Pacer Trendpilot US Bond ETF Price Performance

The firm’s 50-day moving average is $19.63 and its two-hundred day moving average is $19.98.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of PTBD. Raymond James Financial Inc. purchased a new position in Pacer Trendpilot US Bond ETF during the 4th quarter valued at $6,167,000. Cetera Investment Advisers boosted its stake in shares of Pacer Trendpilot US Bond ETF by 200.6% during the fourth quarter. Cetera Investment Advisers now owns 234,303 shares of the company’s stock valued at $4,686,000 after purchasing an additional 156,366 shares during the period. Inspire Advisors LLC grew its holdings in shares of Pacer Trendpilot US Bond ETF by 47.7% in the fourth quarter. Inspire Advisors LLC now owns 443,946 shares of the company’s stock worth $8,879,000 after purchasing an additional 143,423 shares during the last quarter. Harbour Investments Inc. increased its stake in Pacer Trendpilot US Bond ETF by 2,099.0% in the 1st quarter. Harbour Investments Inc. now owns 141,527 shares of the company’s stock worth $2,839,000 after buying an additional 135,091 shares during the period. Finally, ODonnell Financial Services LLC lifted its holdings in Pacer Trendpilot US Bond ETF by 58.1% during the 1st quarter. ODonnell Financial Services LLC now owns 327,583 shares of the company’s stock valued at $6,571,000 after buying an additional 120,326 shares in the last quarter.

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.