SL Advisors LLC Has $3.84 Million Stock Position in Pacer American Energy Independence ETF (NYSEARCA:USAI)

SL Advisors LLC lifted its position in Pacer American Energy Independence ETF (NYSEARCA:USAI) by 0.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 96,615 shares of the company’s stock after buying an additional 850 shares during the period. Pacer American Energy Independence ETF makes up 6.4% of SL Advisors LLC’s holdings, making the stock its 6th largest position. SL Advisors LLC owned about 5.68% of Pacer American Energy Independence ETF worth $3,843,000 at the end of the most recent quarter.

Pacer American Energy Independence ETF Stock Performance

Shares of Pacer American Energy Independence ETF stock traded up $0.11 during trading on Wednesday, reaching $40.64. The company’s stock had a trading volume of 5,565 shares, compared to its average volume of 13,085. Pacer American Energy Independence ETF has a one year low of $28.21 and a one year high of $43.87. The firm has a market cap of $69.09 million, a price-to-earnings ratio of 20.06 and a beta of 0.51. The business’s fifty day moving average price is $39.80 and its 200-day moving average price is $36.44.

Pacer American Energy Independence ETF Profile

The Pacer American Energy Independence ETF (USAI) is an exchange-traded fund that is based on the American Energy Independence index. The fund tracks an index of US and Canadian MLPs involved in midstream energy infrastructure. USAI was launched on Dec 13, 2017 and is managed by Pacer.