Pacer Trendpilot US Large Cap ETF (BATS:PTLC) Position Decreased by Financial Advocates Investment Management

Financial Advocates Investment Management reduced its holdings in Pacer Trendpilot US Large Cap ETF (BATS:PTLC) by 6.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 101,357 shares of the company’s stock after selling 7,359 shares during the quarter. Financial Advocates Investment Management owned 0.18% of Pacer Trendpilot US Large Cap ETF worth $5,417,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. PFG Advisors increased its stake in Pacer Trendpilot US Large Cap ETF by 5.8% in the 3rd quarter. PFG Advisors now owns 201,245 shares of the company’s stock worth $10,575,000 after purchasing an additional 11,111 shares in the last quarter. Park Avenue Securities LLC increased its position in shares of Pacer Trendpilot US Large Cap ETF by 16.2% in the fourth quarter. Park Avenue Securities LLC now owns 5,391 shares of the company’s stock worth $288,000 after acquiring an additional 750 shares in the last quarter. SPC Financial Inc. lifted its position in shares of Pacer Trendpilot US Large Cap ETF by 7.9% in the 3rd quarter. SPC Financial Inc. now owns 111,458 shares of the company’s stock valued at $5,857,000 after acquiring an additional 8,153 shares in the last quarter. Ferguson Shapiro LLC boosted its stake in Pacer Trendpilot US Large Cap ETF by 105.3% in the 3rd quarter. Ferguson Shapiro LLC now owns 1,167,237 shares of the company’s stock worth $61,338,000 after purchasing an additional 598,695 shares during the period. Finally, Janney Montgomery Scott LLC purchased a new position in Pacer Trendpilot US Large Cap ETF during the 3rd quarter worth approximately $2,514,000.

Pacer Trendpilot US Large Cap ETF Price Performance

PTLC opened at $55.09 on Thursday. The stock has a market capitalization of $3.16 billion, a price-to-earnings ratio of 26.16 and a beta of 0.98. The firm has a 50-day simple moving average of $54.65 and a two-hundred day simple moving average of $52.82.

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.