Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF (NYSEARCA:QDPL) Sets New 12-Month High – Should You Buy?

Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF (NYSEARCA:QDPL) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $45.25 and last traded at $45.18, with a volume of 94905 shares changing hands. The stock had previously closed at $45.03.

Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF Price Performance

The stock has a fifty day moving average price of $42.09 and a 200-day moving average price of $42.42. The company has a market cap of $1.60 billion, a PE ratio of 25.09 and a beta of 0.88.

Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 27th were issued a $0.189 dividend. The ex-dividend date was Friday, February 27th. This is an increase from Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF’s previous monthly dividend of $0.18. This represents a c) dividend on an annualized basis and a dividend yield of 5.0%.

Hedge Funds Weigh In On Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF

A number of hedge funds have recently modified their holdings of QDPL. Farther Finance Advisors LLC acquired a new position in shares of Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF in the fourth quarter worth $2,773,000. BNB Wealth Management LLC acquired a new position in shares of Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF in the fourth quarter worth $1,267,000. Nations Financial Group Inc. IA ADV increased its stake in shares of Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF by 122.4% in the third quarter. Nations Financial Group Inc. IA ADV now owns 26,645 shares of the company’s stock worth $1,116,000 after acquiring an additional 14,667 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in shares of Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF in the third quarter worth $422,000. Finally, BlueStem Wealth Partners LLC increased its stake in shares of Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF by 55.0% in the third quarter. BlueStem Wealth Partners LLC now owns 24,312 shares of the company’s stock worth $1,019,000 after acquiring an additional 8,628 shares during the last quarter.

About Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF

The Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF (QDPL) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund tracks an index based on the stocks in the S&P 500 Index, long S&P Dividend futures and 3-year Treasurys. The objective is to provide 400% of the ordinary yield of the S&P 500 Index in exchange for reduced participation in the price performance. QDPL was launched on Jul 12, 2021 and is managed by Pacer.