Sequoia Financial Advisors LLC Buys New Shares in Pacer WealthShield ETF $PWS

Sequoia Financial Advisors LLC bought a new position in Pacer WealthShield ETF (BATS:PWS) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 1,431,215 shares of the company’s stock, valued at approximately $46,968,000. Sequoia Financial Advisors LLC owned 1.68% of Pacer WealthShield ETF as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of the business. IFP Advisors Inc bought a new stake in Pacer WealthShield ETF during the second quarter valued at about $27,000. Ameritas Advisory Services LLC bought a new position in shares of Pacer WealthShield ETF in the second quarter worth about $51,000. Integrated Wealth Concepts LLC bought a new position in shares of Pacer WealthShield ETF in the second quarter worth about $55,000. Capital Analysts LLC purchased a new stake in shares of Pacer WealthShield ETF during the second quarter worth about $151,000. Finally, Ascentis Independent Advisors purchased a new stake in shares of Pacer WealthShield ETF during the first quarter worth about $163,000.

Pacer WealthShield ETF Trading Down 0.6%

Shares of PWS opened at $32.82 on Thursday. The business’s 50 day moving average is $32.91 and its 200 day moving average is $32.41. Pacer WealthShield ETF has a 12-month low of $31.18 and a 12-month high of $33.83. The company has a market capitalization of $27.90 million, a PE ratio of 23.24 and a beta of 0.55.

About Pacer WealthShield ETF

The Pacer WealthShield ETF (PWS) is an exchange-traded fund that is based on the Pacer WealthShield index. The fund tracks an index that toggles between equity and Treasurys, or a combination of both, on a monthly basis depending on monthly moving averages. PWS was launched on Dec 11, 2017 and is managed by Pacer.