LPL Financial LLC Lowers Stock Holdings in Pacer US Export Leaders ETF $PEXL

LPL Financial LLC trimmed its position in Pacer US Export Leaders ETF (NYSEARCA:PEXL) by 55.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 62,862 shares of the company’s stock after selling 79,823 shares during the quarter. LPL Financial LLC owned approximately 6.98% of Pacer US Export Leaders ETF worth $2,868,000 at the end of the most recent quarter.

Separately, Cetera Investment Advisers grew its holdings in shares of Pacer US Export Leaders ETF by 10.8% in the first quarter. Cetera Investment Advisers now owns 6,977 shares of the company’s stock worth $318,000 after purchasing an additional 678 shares during the last quarter.

Pacer US Export Leaders ETF Stock Down 0.9%

NYSEARCA:PEXL opened at $54.25 on Monday. The stock has a market cap of $35.26 million, a P/E ratio of 21.77 and a beta of 1.21. The firm’s fifty day simple moving average is $52.69 and its 200 day simple moving average is $48.86. Pacer US Export Leaders ETF has a twelve month low of $38.05 and a twelve month high of $55.30.

Pacer US Export Leaders ETF Profile

The Pacer US Export Leaders ETF (PEXL) is an exchange-traded fund that is based on the Pacer US Export Leaders ETF index. The fund tracks an equally-weighted index of large- and mid-cap US stocks selected based on foreign sales and free cash flow growth. PEXL was launched on Jul 23, 2018 and is managed by Pacer.