Magnolia Private Wealth LLC purchased a new stake in Pacer American Energy Independence ETF (NYSEARCA:USAI – Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 12,463 shares of the company’s stock, valued at approximately $475,000.
Separately, Flow Traders U.S. LLC grew its position in shares of Pacer American Energy Independence ETF by 44.8% during the third quarter. Flow Traders U.S. LLC now owns 20,696 shares of the company’s stock worth $825,000 after buying an additional 6,399 shares in the last quarter.
Pacer American Energy Independence ETF Stock Performance
USAI stock opened at $47.76 on Friday. The company’s 50 day moving average price is $46.36 and its 200 day moving average price is $42.30. Pacer American Energy Independence ETF has a fifty-two week low of $36.49 and a fifty-two week high of $49.14. The firm has a market capitalization of $109.85 million, a price-to-earnings ratio of 19.96 and a beta of 0.65.
Pacer American Energy Independence ETF Company Profile
The Pacer American Energy Independence ETF (USAI) is an exchange-traded fund that is based on the American Energy Independence index. The fund tracks an index of US and Canadian MLPs involved in midstream energy infrastructure. USAI was launched on Dec 13, 2017 and is managed by Pacer.
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