Crestwood Advisors Group LLC Purchases New Stake in Pacer Pacific Asset Floating Rate High Income ETF $FLRT

Crestwood Advisors Group LLC acquired a new stake in Pacer Pacific Asset Floating Rate High Income ETF (NYSEARCA:FLRT) during the third quarter, Holdings Channel.com reports. The institutional investor acquired 18,348 shares of the company’s stock, valued at approximately $870,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. AdvisorNet Financial Inc raised its position in Pacer Pacific Asset Floating Rate High Income ETF by 39.0% during the 3rd quarter. AdvisorNet Financial Inc now owns 98,238 shares of the company’s stock valued at $4,655,000 after purchasing an additional 27,541 shares during the last quarter. Creative Financial Designs Inc. ADV increased its stake in shares of Pacer Pacific Asset Floating Rate High Income ETF by 3.5% during the second quarter. Creative Financial Designs Inc. ADV now owns 85,074 shares of the company’s stock valued at $4,050,000 after buying an additional 2,872 shares during the period. Strategic Blueprint LLC raised its holdings in shares of Pacer Pacific Asset Floating Rate High Income ETF by 40.0% during the second quarter. Strategic Blueprint LLC now owns 174,877 shares of the company’s stock valued at $8,324,000 after acquiring an additional 49,981 shares in the last quarter. Finally, Price Capital Management Inc. purchased a new stake in Pacer Pacific Asset Floating Rate High Income ETF in the second quarter worth $1,424,000.

Pacer Pacific Asset Floating Rate High Income ETF Trading Down 0.0%

Shares of Pacer Pacific Asset Floating Rate High Income ETF stock opened at $47.07 on Thursday. Pacer Pacific Asset Floating Rate High Income ETF has a 12-month low of $45.06 and a 12-month high of $47.75. The company has a market cap of $616.15 million, a P/E ratio of 10.84 and a beta of 0.13. The company’s fifty day simple moving average is $47.23 and its two-hundred day simple moving average is $47.33.

Pacer Pacific Asset Floating Rate High Income ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, January 26th. Stockholders of record on Thursday, January 22nd were issued a dividend of $0.1611 per share. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date was Thursday, January 22nd.

Pacer Pacific Asset Floating Rate High Income ETF Company Profile

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.