SL Advisors LLC Has $3.66 Million Position in Pacer American Energy Independence ETF $USAI

SL Advisors LLC increased its stake in shares of Pacer American Energy Independence ETF (NYSEARCA:USAI) by 14.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 95,895 shares of the company’s stock after acquiring an additional 12,430 shares during the period. Pacer American Energy Independence ETF comprises about 7.5% of SL Advisors LLC’s portfolio, making the stock its 4th largest position. SL Advisors LLC owned about 4.57% of Pacer American Energy Independence ETF worth $3,658,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in USAI. CoreCap Advisors LLC boosted its stake in Pacer American Energy Independence ETF by 13.3% in the 3rd quarter. CoreCap Advisors LLC now owns 3,083 shares of the company’s stock worth $123,000 after purchasing an additional 361 shares during the period. Lodestone Wealth Management LLC raised its stake in shares of Pacer American Energy Independence ETF by 7.9% in the 3rd quarter. Lodestone Wealth Management LLC now owns 7,324 shares of the company’s stock valued at $292,000 after purchasing an additional 538 shares during the period. Finally, Flow Traders U.S. LLC lifted its holdings in shares of Pacer American Energy Independence ETF by 44.8% in the third quarter. Flow Traders U.S. LLC now owns 20,696 shares of the company’s stock valued at $825,000 after purchasing an additional 6,399 shares in the last quarter.

Pacer American Energy Independence ETF Price Performance

USAI stock opened at $47.11 on Friday. The stock has a market capitalization of $98.93 million, a P/E ratio of 19.96 and a beta of 0.85. The business has a 50-day moving average of $43.28 and a 200-day moving average of $40.03. Pacer American Energy Independence ETF has a fifty-two week low of $34.20 and a fifty-two week high of $47.75.

Pacer American Energy Independence ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Wednesday, February 25th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Wednesday, February 25th. This represents a c) dividend on an annualized basis and a yield of 4.1%.

Pacer American Energy Independence ETF 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.