Envestnet Asset Management Inc. Trims Holdings in Pacer WealthShield ETF (BATS:PWS)

Envestnet Asset Management Inc. decreased its position in shares of Pacer WealthShield ETF (BATS:PWS) by 51.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,635 shares of the company’s stock after selling 15,459 shares during the period. Envestnet Asset Management Inc. owned 1.95% of Pacer WealthShield ETF worth $451,000 at the end of the most recent quarter.

Separately, ORG Wealth Partners LLC raised its position in shares of Pacer WealthShield ETF by 3.9% during the 1st quarter. ORG Wealth Partners LLC now owns 20,583 shares of the company’s stock valued at $632,000 after purchasing an additional 781 shares during the period.

Pacer WealthShield ETF Stock Performance

PWS opened at $31.14 on Thursday. The stock has a market cap of $26.47 million, a price-to-earnings ratio of 23.24 and a beta of 0.55. The firm’s fifty day moving average is $30.32 and its 200 day moving average is $30.66. Pacer WealthShield ETF has a fifty-two week low of $28.63 and a fifty-two week high of $32.82.

About Pacer WealthShield ETF

The Pacer WealthShield ETF (PWS) is an exchange-traded fund that is based on the Pacer WealthShield index. The fund tracks an index that toggles between equity and Treasurys, or a combination of both, on a monthly basis depending on monthly moving averages. PWS was launched on Dec 11, 2017 and is managed by Pacer.