Fifth Third Securities Inc. Sells 20,095 Shares of Pacer Pacific Asset Floating Rate High Income ETF $FLRT

Fifth Third Securities Inc. lessened its holdings in shares of Pacer Pacific Asset Floating Rate High Income ETF (NYSEARCA:FLRT) by 60.5% in the 3rd quarter, HoldingsChannel reports. The firm owned 13,110 shares of the company’s stock after selling 20,095 shares during the quarter. Fifth Third Securities Inc.’s holdings in Pacer Pacific Asset Floating Rate High Income ETF were worth $609,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in FLRT. Compass Financial Management LLC acquired a new position in Pacer Pacific Asset Floating Rate High Income ETF during the second quarter valued at $301,000. Nations Financial Group Inc. IA ADV purchased a new stake in Pacer Pacific Asset Floating Rate High Income ETF in the second quarter valued at $240,000. Finally, Janney Montgomery Scott LLC purchased a new stake in Pacer Pacific Asset Floating Rate High Income ETF in the first quarter valued at $222,000.

Pacer Pacific Asset Floating Rate High Income ETF Stock Performance

NYSEARCA:FLRT opened at $46.20 on Friday. The firm’s fifty day moving average is $46.66 and its two-hundred day moving average is $46.70. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of 10.84 and a beta of 0.13. Pacer Pacific Asset Floating Rate High Income ETF has a one year low of $46.00 and a one year high of $47.53.

About Pacer Pacific Asset Floating Rate High Income ETF

The Pacer Pacific Asset Floating Rate High Income ETF (FLRT) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is an actively managed fund targeting floating-rate debt from non-investment-grade issuers. FLRT was launched on Feb 19, 2015 and is managed by Pacer.