Envestnet Asset Management Inc. Sells 6,604 Shares of Pacer Trendpilot US Bond ETF (NYSEARCA:PTBD)

Envestnet Asset Management Inc. reduced its position in shares of Pacer Trendpilot US Bond ETF (NYSEARCA:PTBD) by 16.0% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 34,602 shares of the company’s stock after selling 6,604 shares during the quarter. Envestnet Asset Management Inc. owned 0.42% of Pacer Trendpilot US Bond ETF worth $694,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. ORG Wealth Partners LLC increased its stake in Pacer Trendpilot US Bond ETF by 2.8% during the 1st quarter. ORG Wealth Partners LLC now owns 48,195 shares of the company’s stock valued at $969,000 after purchasing an additional 1,326 shares in the last quarter. Aptus Capital Advisors LLC increased its stake in Pacer Trendpilot US Bond ETF by 115.6% during the 4th quarter. Aptus Capital Advisors LLC now owns 2,680 shares of the company’s stock valued at $54,000 after purchasing an additional 1,437 shares in the last quarter. Creative Financial Designs Inc. ADV increased its stake in Pacer Trendpilot US Bond ETF by 4.4% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 242,821 shares of the company’s stock valued at $4,871,000 after purchasing an additional 10,190 shares in the last quarter. Wells Fargo & Company MN increased its stake in Pacer Trendpilot US Bond ETF by 11.3% during the 4th quarter. Wells Fargo & Company MN now owns 268,866 shares of the company’s stock valued at $5,377,000 after purchasing an additional 27,229 shares in the last quarter. Finally, Citadel Advisors LLC bought a new stake in Pacer Trendpilot US Bond ETF during the 4th quarter valued at about $1,582,000.

Pacer Trendpilot US Bond ETF Stock Performance

NYSEARCA:PTBD opened at $19.76 on Tuesday. The firm has a 50-day simple moving average of $19.68 and a two-hundred day simple moving average of $19.87. Pacer Trendpilot US Bond ETF has a fifty-two week low of $19.35 and a fifty-two week high of $20.91.

About Pacer Trendpilot US Bond ETF

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.