Financial Advocates Investment Management Sells 6,980 Shares of Pacer Trendpilot US Large Cap ETF $PTLC

Financial Advocates Investment Management reduced its stake in Pacer Trendpilot US Large Cap ETF (BATS:PTLC) by 6.1% during the second quarter, HoldingsChannel.com reports. The fund owned 107,544 shares of the company’s stock after selling 6,980 shares during the quarter. Financial Advocates Investment Management’s holdings in Pacer Trendpilot US Large Cap ETF were worth $5,459,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in PTLC. Steward Partners Investment Advisory LLC grew its position in shares of Pacer Trendpilot US Large Cap ETF by 8.5% during the second quarter. Steward Partners Investment Advisory LLC now owns 162,752 shares of the company’s stock valued at $8,261,000 after purchasing an additional 12,757 shares in the last quarter. Global Retirement Partners LLC bought a new position in Pacer Trendpilot US Large Cap ETF during the second quarter valued at approximately $3,146,000. Sfmg LLC bought a new position in Pacer Trendpilot US Large Cap ETF during the second quarter valued at approximately $114,079,000. Invenio Wealth Partners LLC grew its holdings in Pacer Trendpilot US Large Cap ETF by 156.9% during the 2nd quarter. Invenio Wealth Partners LLC now owns 229,067 shares of the company’s stock valued at $11,627,000 after buying an additional 139,900 shares in the last quarter. Finally, Avantax Advisory Services Inc. increased its stake in Pacer Trendpilot US Large Cap ETF by 30.9% in the 2nd quarter. Avantax Advisory Services Inc. now owns 466,086 shares of the company’s stock worth $23,659,000 after acquiring an additional 109,889 shares during the last quarter.

Pacer Trendpilot US Large Cap ETF Price Performance

Shares of PTLC opened at $54.99 on Tuesday. The stock has a market capitalization of $3.60 billion, a price-to-earnings ratio of 25.78 and a beta of 0.60. Pacer Trendpilot US Large Cap ETF has a 1 year low of $46.51 and a 1 year high of $55.90. The business’s 50 day simple moving average is $55.02 and its 200-day simple moving average is $52.34.

Pacer Trendpilot US Large Cap ETF Profile

The Pacer Trendpilot US Large Cap ETF (PTLC) is an exchange-traded fund that is based on the Pacer Trendpilot US Large Cap index. The fund tracks an index that allocates to a proprietary US large-cap index and\u002For 3-month US T-bills, according to momentum. PTLC was launched on Jun 11, 2015 and is managed by Pacer.