Pacer Trendpilot US Bond ETF (NYSEARCA:PTBD) Stock Price Up 0.3% – Still a Buy?

Pacer Trendpilot US Bond ETF (NYSEARCA:PTBD)’s stock price was up 0.3% on Monday . The company traded as high as $19.24 and last traded at $19.23. Approximately 14,508 shares changed hands during trading, a decline of 58% from the average daily volume of 34,702 shares. The stock had previously closed at $19.17.

Pacer Trendpilot US Bond ETF Trading Up 0.3%

The firm has a 50-day moving average of $19.43 and a 200 day moving average of $19.59.

Pacer Trendpilot US Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Wednesday, February 25th were issued a dividend of $0.1074 per share. The ex-dividend date of this dividend was Wednesday, February 25th. This is a positive change from Pacer Trendpilot US Bond ETF’s previous monthly dividend of $0.06. This represents a c) annualized dividend and a dividend yield of 6.7%.

Institutional Investors Weigh In On Pacer Trendpilot US Bond ETF

A number of large investors have recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. lifted its holdings in shares of Pacer Trendpilot US Bond ETF by 17.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 6,277 shares of the company’s stock valued at $124,000 after buying an additional 910 shares during the period. Truist Financial Corp increased its position in Pacer Trendpilot US Bond ETF by 5.0% during the fourth quarter. Truist Financial Corp now owns 12,647 shares of the company’s stock valued at $245,000 after acquiring an additional 603 shares during the last quarter. Farther Finance Advisors LLC increased its position in Pacer Trendpilot US Bond ETF by 2,182.1% during the fourth quarter. Farther Finance Advisors LLC now owns 18,919 shares of the company’s stock valued at $367,000 after acquiring an additional 18,090 shares during the last quarter. ORG Partners LLC lifted its holdings in Pacer Trendpilot US Bond ETF by 3.2% in the fourth quarter. ORG Partners LLC now owns 21,599 shares of the company’s stock valued at $419,000 after acquiring an additional 670 shares during the period. Finally, Hyundai Investments Co. Ltd. purchased a new position in Pacer Trendpilot US Bond ETF in the fourth quarter worth about $429,000.

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.