Pacer Trendpilot US Bond ETF (NYSEARCA:PTBD) Stock Price Down 0.1% – Here’s Why

Pacer Trendpilot US Bond ETF (NYSEARCA:PTBD) traded down 0.1% on Monday . The stock traded as low as $19.11 and last traded at $19.11. Approximately 7,377 shares changed hands during trading, a decline of 72% from the average session volume of 26,070 shares. The stock had previously closed at $19.13.

Pacer Trendpilot US Bond ETF Trading Down 0.1%

The company has a fifty day simple moving average of $19.16 and a 200-day simple moving average of $19.24.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Ascentis Independent Advisors bought a new position in shares of Pacer Trendpilot US Bond ETF during the 1st quarter valued at approximately $68,000. Geneos Wealth Management Inc. raised its stake in Pacer Trendpilot US Bond ETF by 17.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 6,277 shares of the company’s stock worth $124,000 after acquiring an additional 910 shares during the period. Kestra Advisory Services LLC raised its stake in Pacer Trendpilot US Bond ETF by 9.7% during the 1st quarter. Kestra Advisory Services LLC now owns 11,545 shares of the company’s stock worth $219,000 after acquiring an additional 1,024 shares during the period. Truist Financial Corp lifted its holdings in Pacer Trendpilot US Bond ETF by 5.0% during the fourth quarter. Truist Financial Corp now owns 12,647 shares of the company’s stock valued at $245,000 after purchasing an additional 603 shares in the last quarter. Finally, Independent Financial Group LLC purchased a new position in Pacer Trendpilot US Bond ETF during the first quarter valued at approximately $267,000.

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.