Foster & Motley Inc. Invests $12.56 Million in Pacer Data & Infrastructure Real Estate ETF $SRVR

Foster & Motley Inc. purchased a new stake in Pacer Data & Infrastructure Real Estate ETF (NYSEARCA:SRVR) in the second quarter, HoldingsChannel.com reports. The fund purchased 395,271 shares of the company’s stock, valued at approximately $12,558,000.

Separately, Ameriprise Financial Inc. grew its stake in Pacer Data & Infrastructure Real Estate ETF by 2.1% during the third quarter. Ameriprise Financial Inc. now owns 1,150,694 shares of the company’s stock worth $36,449,000 after buying an additional 23,764 shares in the last quarter.

Pacer Data & Infrastructure Real Estate ETF Stock Down 2.0%

SRVR stock opened at $31.67 on Wednesday. Pacer Data & Infrastructure Real Estate ETF has a 12 month low of $28.44 and a 12 month high of $35.81. The firm has a market cap of $381.62 million, a P/E ratio of 41.56 and a beta of 1.00. The company’s 50-day moving average price is $31.83 and its two-hundred day moving average price is $32.71.

Pacer Data & Infrastructure Real Estate ETF Profile

The Pacer Benchmark Data & Infrastructure Real Estate SCTR ETF (SRVR) is an exchange-traded fund that mostly invests in real estate equity. The fund tracks a market cap-weighted index of real estate companies from developed markets that are related to data and infrastructure. SRVR was launched on May 15, 2018 and is managed by Pacer.