Cetera Investment Advisers Grows Stake in Pacer Trendpilot US Large Cap ETF (BATS:PTLC)

Cetera Investment Advisers raised its stake in Pacer Trendpilot US Large Cap ETF (BATS:PTLC) by 796.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 981,214 shares of the company’s stock after acquiring an additional 871,732 shares during the quarter. Cetera Investment Advisers owned approximately 1.71% of Pacer Trendpilot US Large Cap ETF worth $46,824,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PTLC. EverSource Wealth Advisors LLC boosted its holdings in Pacer Trendpilot US Large Cap ETF by 873.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,229 shares of the company’s stock worth $96,000 after buying an additional 2,000 shares during the period. Fifth Third Bancorp bought a new position in Pacer Trendpilot US Large Cap ETF in the 4th quarter worth approximately $109,000. PSI Advisors LLC boosted its holdings in Pacer Trendpilot US Large Cap ETF by 23.4% in the 4th quarter. PSI Advisors LLC now owns 2,924 shares of the company’s stock worth $127,000 after buying an additional 555 shares during the period. Avalon Trust Co bought a new position in Pacer Trendpilot US Large Cap ETF in the 4th quarter worth approximately $188,000. Finally, Park Avenue Securities LLC bought a new position in Pacer Trendpilot US Large Cap ETF in the 1st quarter valued at $221,000.

Pacer Trendpilot US Large Cap ETF Price Performance

BATS:PTLC traded down $0.96 during trading hours on Friday, hitting $48.70. The stock had a trading volume of 185,539 shares. The business’s 50 day moving average price is $49.71 and its 200 day moving average price is $47.47. The stock has a market cap of $2.79 billion, a price-to-earnings ratio of 26.16 and a beta of 0.98.

Pacer Trendpilot US Large Cap ETF Profile

The Pacer Trendpilot US Large Cap ETF (PTLC) is an exchange-traded fund that is based on the Pacer Trendpilot US Large Cap index. The fund tracks an index that allocates to a proprietary US large-cap index and\u002For 3-month US T-bills, according to momentum. PTLC was launched on Jun 11, 2015 and is managed by Pacer.