Maridea Wealth Management LLC Invests $2.47 Million in Pacer Trendpilot US Mid Cap ETF (BATS:PTMC)

Maridea Wealth Management LLC purchased a new stake in Pacer Trendpilot US Mid Cap ETF (BATS:PTMC) in the 4th quarter, HoldingsChannel reports. The fund purchased 67,016 shares of the company’s stock, valued at approximately $2,472,000. Pacer Trendpilot US Mid Cap ETF comprises approximately 0.8% of Maridea Wealth Management LLC’s holdings, making the stock its 24th largest position.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. LPL Financial LLC raised its stake in Pacer Trendpilot US Mid Cap ETF by 9.2% during the 4th quarter. LPL Financial LLC now owns 545,835 shares of the company’s stock valued at $20,136,000 after purchasing an additional 46,115 shares during the period. Pacer Advisors Inc. raised its position in Pacer Trendpilot US Mid Cap ETF by 4.5% during the fourth quarter. Pacer Advisors Inc. now owns 298,114 shares of the company’s stock valued at $10,997,000 after buying an additional 12,954 shares during the period. Raymond James Financial Inc. purchased a new stake in Pacer Trendpilot US Mid Cap ETF in the 4th quarter worth about $9,343,000. Rockefeller Capital Management L.P. boosted its position in Pacer Trendpilot US Mid Cap ETF by 2.4% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 188,112 shares of the company’s stock worth $6,983,000 after acquiring an additional 4,322 shares during the period. Finally, Avantax Advisory Services Inc. grew its stake in Pacer Trendpilot US Mid Cap ETF by 5.0% during the 4th quarter. Avantax Advisory Services Inc. now owns 127,419 shares of the company’s stock valued at $4,700,000 after acquiring an additional 6,096 shares in the last quarter.

Pacer Trendpilot US Mid Cap ETF Price Performance

BATS PTMC opened at $34.58 on Friday. The firm has a market capitalization of $404.63 million, a price-to-earnings ratio of 18.33 and a beta of 0.40. The company has a 50 day simple moving average of $36.63 and a 200-day simple moving average of $37.41. Pacer Trendpilot US Mid Cap ETF has a 52-week low of $33.31 and a 52-week high of $40.66.

Pacer Trendpilot US Mid Cap ETF Company Profile

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