Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF (NYSEARCA:QDPL) Reaches New 12-Month High – Time to Buy?

Shares of Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF (NYSEARCA:QDPL) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $46.35 and last traded at $46.35, with a volume of 21250 shares trading hands. The stock had previously closed at $45.89.

Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF Price Performance

The company has a market cap of $1.75 billion, a price-to-earnings ratio of 25.09 and a beta of 0.89. The business’s fifty day moving average price is $45.46 and its 200 day moving average price is $43.70.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC bought a new stake in shares of Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF in the 2nd quarter valued at about $59,000. Baird Financial Group Inc. lifted its stake in shares of Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF by 8.2% in the second quarter. Baird Financial Group Inc. now owns 27,491 shares of the company’s stock worth $1,085,000 after acquiring an additional 2,085 shares during the period. JPMorgan Chase & Co. acquired a new position in shares of Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF in the third quarter worth approximately $422,000. Ameriprise Financial Inc. acquired a new position in shares of Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF in the third quarter worth approximately $202,000. Finally, Integrated Wealth Concepts LLC boosted its holdings in Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF by 2.8% in the third quarter. Integrated Wealth Concepts LLC now owns 53,230 shares of the company’s stock valued at $2,230,000 after acquiring an additional 1,435 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.