Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF (NYSEARCA:QDPL) Reaches New 1-Year High – Here’s Why

Shares of Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF (NYSEARCA:QDPL) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $44.00 and last traded at $43.95, with a volume of 130100 shares changing hands. The stock had previously closed at $43.51.

Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF Trading Up 1.1%

The company has a market capitalization of $1.56 billion, a price-to-earnings ratio of 25.09 and a beta of 0.88. The firm has a 50-day moving average price of $41.84 and a 200-day moving average price of $42.30.

Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 27th were given a dividend of $0.189 per share. This is a boost from Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF’s previous monthly dividend of $0.18. The ex-dividend date was Friday, February 27th. This represents a c) annualized dividend and a dividend yield of 5.2%.

Hedge Funds Weigh In On Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF

Hedge funds have recently modified their holdings of the stock. EverSource Wealth Advisors LLC acquired a new position in shares of Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF in the 2nd quarter worth $59,000. Ameriprise Financial Inc. acquired a new position in shares of Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF in the 3rd quarter valued at $202,000. RHL Group LLC acquired a new position in shares of Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF in the 4th quarter valued at $309,000. Arkadios Wealth Advisors purchased a new position in Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF in the 4th quarter worth about $349,000. Finally, Sound Income Strategies LLC increased its stake in Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF by 2,036.6% in the 4th quarter. Sound Income Strategies LLC now owns 8,226 shares of the company’s stock worth $354,000 after purchasing an additional 7,841 shares in the last quarter.

Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF Company Profile

The Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF (QDPL) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund tracks an index based on the stocks in the S&P 500 Index, long S&P Dividend futures and 3-year Treasurys. The objective is to provide 400% of the ordinary yield of the S&P 500 Index in exchange for reduced participation in the price performance. QDPL was launched on Jul 12, 2021 and is managed by Pacer.