Pacer Advisors Inc. Sells 36,336 Shares of Pacer Trendpilot US Bond ETF $PTBD

Pacer Advisors Inc. trimmed its holdings in shares of Pacer Trendpilot US Bond ETF (NYSEARCA:PTBD) by 6.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 541,911 shares of the company’s stock after selling 36,336 shares during the period. Pacer Advisors Inc. owned approximately 9.68% of Pacer Trendpilot US Bond ETF worth $10,513,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. ODonnell Financial Services LLC raised its position in shares of Pacer Trendpilot US Bond ETF by 3.6% during the third quarter. ODonnell Financial Services LLC now owns 347,665 shares of the company’s stock worth $6,894,000 after purchasing an additional 12,087 shares during the period. Creative Financial Designs Inc. ADV raised its position in shares of Pacer Trendpilot US Bond ETF by 3.8% during the third quarter. Creative Financial Designs Inc. ADV now owns 264,787 shares of the company’s stock worth $5,251,000 after purchasing an additional 9,779 shares during the period. Magnolia Capital Advisors LLC raised its position in shares of Pacer Trendpilot US Bond ETF by 2.3% during the third quarter. Magnolia Capital Advisors LLC now owns 188,669 shares of the company’s stock worth $3,741,000 after purchasing an additional 4,160 shares during the period. Jane Street Group LLC raised its position in shares of Pacer Trendpilot US Bond ETF by 167.1% during the second quarter. Jane Street Group LLC now owns 62,162 shares of the company’s stock worth $1,228,000 after purchasing an additional 38,893 shares during the period. Finally, Capital Investment Advisory Services LLC raised its position in shares of Pacer Trendpilot US Bond ETF by 7.5% during the fourth quarter. Capital Investment Advisory Services LLC now owns 49,075 shares of the company’s stock worth $952,000 after purchasing an additional 3,432 shares during the period.

Pacer Trendpilot US Bond ETF Stock Down 0.1%

Shares of NYSEARCA:PTBD opened at $19.18 on Thursday. Pacer Trendpilot US Bond ETF has a twelve month low of $18.69 and a twelve month high of $20.00. The stock’s 50 day moving average is $19.12 and its 200-day moving average is $19.37.

Pacer Trendpilot US Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Wednesday, February 25th were given a dividend of $0.1074 per share. The ex-dividend date of this dividend was Wednesday, February 25th. This is a positive change from Pacer Trendpilot US Bond ETF’s previous monthly dividend of $0.06. This represents a c) dividend on an annualized basis and a dividend yield of 6.7%.

Pacer Trendpilot US Bond ETF Company Profile

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.