Pacer Trendpilot US Bond ETF $PTBD Shares Sold by NewEdge Advisors LLC

NewEdge Advisors LLC lessened its position in Pacer Trendpilot US Bond ETF (NYSEARCA:PTBD) by 77.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 34,724 shares of the company’s stock after selling 116,119 shares during the quarter. NewEdge Advisors LLC owned about 0.69% of Pacer Trendpilot US Bond ETF worth $659,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Ascentis Independent Advisors purchased a new stake in shares of Pacer Trendpilot US Bond ETF during the first quarter worth approximately $68,000. Geneos Wealth Management Inc. raised its stake in Pacer Trendpilot US Bond ETF by 17.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 6,277 shares of the company’s stock valued at $124,000 after purchasing an additional 910 shares during the last quarter. Kestra Advisory Services LLC raised its stake in Pacer Trendpilot US Bond ETF by 9.7% in the 1st quarter. Kestra Advisory Services LLC now owns 11,545 shares of the company’s stock valued at $219,000 after purchasing an additional 1,024 shares during the last quarter. Truist Financial Corp lifted its holdings in Pacer Trendpilot US Bond ETF by 5.0% in the 4th quarter. Truist Financial Corp now owns 12,647 shares of the company’s stock valued at $245,000 after purchasing an additional 603 shares in the last quarter. Finally, Independent Financial Group LLC purchased a new position in Pacer Trendpilot US Bond ETF in the 1st quarter valued at $267,000.

Pacer Trendpilot US Bond ETF Price Performance

Shares of PTBD opened at $19.01 on Monday. Pacer Trendpilot US Bond ETF has a 52-week low of $18.69 and a 52-week high of $20.00. The firm’s fifty day moving average is $19.13 and its two-hundred day moving average is $19.21.

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.