Pacer Trendpilot US Bond ETF to Issue Monthly Dividend of $0.06 (NYSEARCA:PTBD)

Pacer Trendpilot US Bond ETF (NYSEARCA:PTBD) announced a monthly dividend on Wednesday, January 21st. Stockholders of record on Thursday, January 22nd will be paid a dividend of 0.0612 per share on Monday, January 26th. This represents a c) annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Thursday, January 22nd.

Pacer Trendpilot US Bond ETF Stock Performance

Shares of NYSEARCA:PTBD opened at $19.53 on Thursday. The company has a 50 day moving average price of $19.50 and a 200 day moving average price of $19.67. Pacer Trendpilot US Bond ETF has a 1-year low of $19.30 and a 1-year high of $20.40.

Hedge Funds Weigh In On Pacer Trendpilot US Bond ETF

A number of hedge funds have recently added to or reduced their stakes in PTBD. Capital Investment Advisory Services LLC raised its position in shares of Pacer Trendpilot US Bond ETF by 7.5% in the fourth quarter. Capital Investment Advisory Services LLC now owns 49,075 shares of the company’s stock valued at $952,000 after purchasing an additional 3,432 shares during the period. ORG Partners LLC raised its position in shares of Pacer Trendpilot US Bond ETF by 3.2% during the 4th quarter. ORG Partners LLC now owns 21,599 shares of the company’s stock valued at $419,000 after acquiring an additional 670 shares during the last quarter. Magnolia Capital Advisors LLC increased its stake in Pacer Trendpilot US Bond ETF by 2.3% in the third quarter. Magnolia Capital Advisors LLC now owns 188,669 shares of the company’s stock valued at $3,741,000 after purchasing an additional 4,160 shares in the last quarter. Private Advisor Group LLC increased its holdings in shares of Pacer Trendpilot US Bond ETF by 14.3% in the third quarter. Private Advisor Group LLC now owns 43,409 shares of the company’s stock worth $861,000 after acquiring an additional 5,425 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV lifted its position in Pacer Trendpilot US Bond ETF by 3.8% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 264,787 shares of the company’s stock valued at $5,251,000 after acquiring an additional 9,779 shares in the last quarter.

About Pacer Trendpilot US Bond ETF

The Pacer Trendpilot US Bond ETF (PTBD) is an exchange-traded fund that is based on the Pacer Trendpilot US Bond index. The fund tracks an index that uses a momentum-driven proprietary strategy that toggles between U.S. High Yield Corporate Bonds and 7-10 Year Treasury Bonds. PTBD was launched on Oct 22, 2019 and is managed by Pacer.