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

Shares of 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 traded 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 Price Performance

The stock has a 50-day simple moving average of $19.16 and a 200-day simple moving average of $19.23.

Institutional Investors Weigh In On Pacer Trendpilot US Bond ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Pacer Advisors Inc. lifted its stake in Pacer Trendpilot US Bond ETF by 4.7% in the 1st quarter. Pacer Advisors Inc. now owns 567,271 shares of the company’s stock valued at $10,767,000 after purchasing an additional 25,360 shares during the last quarter. Creative Financial Designs Inc. ADV grew its stake in shares of Pacer Trendpilot US Bond ETF by 4.8% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 277,610 shares of the company’s stock worth $5,386,000 after buying an additional 12,823 shares during the last quarter. Magnolia Capital Advisors LLC increased its holdings in shares of Pacer Trendpilot US Bond ETF by 6.1% during the fourth quarter. Magnolia Capital Advisors LLC now owns 200,085 shares of the company’s stock worth $3,882,000 after buying an additional 11,416 shares in the last quarter. NewEdge Advisors LLC increased its holdings in shares of Pacer Trendpilot US Bond ETF by 6.1% during the first quarter. NewEdge Advisors LLC now owns 160,037 shares of the company’s stock worth $3,038,000 after buying an additional 9,194 shares in the last quarter. Finally, Jane Street Group LLC lifted its stake in shares of Pacer Trendpilot US Bond ETF by 120.4% in the 4th quarter. Jane Street Group LLC now owns 132,132 shares of the company’s stock valued at $2,563,000 after acquiring an additional 72,172 shares during the last quarter.

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.