NewEdge Advisors LLC Sells 122,683 Shares of Pacer Trendpilot US Mid Cap ETF $PTMC

NewEdge Advisors LLC reduced its stake in Pacer Trendpilot US Mid Cap ETF (BATS:PTMC) by 48.6% in the first quarter, HoldingsChannel reports. The institutional investor owned 129,942 shares of the company’s stock after selling 122,683 shares during the quarter. NewEdge Advisors LLC’s holdings in Pacer Trendpilot US Mid Cap ETF were worth $5,026,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Royal Bank of Canada boosted its holdings in Pacer Trendpilot US Mid Cap ETF by 0.5% during the 1st quarter. Royal Bank of Canada now owns 127,218 shares of the company’s stock worth $4,402,000 after acquiring an additional 586 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Pacer Trendpilot US Mid Cap ETF by 34.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,865 shares of the company’s stock worth $65,000 after acquiring an additional 479 shares in the last quarter. Raymond James Financial Inc. raised its holdings in shares of Pacer Trendpilot US Mid Cap ETF by 2.0% in the second quarter. Raymond James Financial Inc. now owns 274,482 shares of the company’s stock valued at $9,574,000 after purchasing an additional 5,349 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of Pacer Trendpilot US Mid Cap ETF by 39.7% in the second quarter. Geneos Wealth Management Inc. now owns 67,594 shares of the company’s stock valued at $2,358,000 after purchasing an additional 19,196 shares during the last quarter. Finally, Invenio Wealth Partners LLC raised its holdings in shares of Pacer Trendpilot US Mid Cap ETF by 4.7% in the third quarter. Invenio Wealth Partners LLC now owns 292,318 shares of the company’s stock valued at $10,468,000 after purchasing an additional 13,204 shares during the last quarter.

Pacer Trendpilot US Mid Cap ETF Price Performance

PTMC opened at $40.87 on Friday. Pacer Trendpilot US Mid Cap ETF has a fifty-two week low of $33.60 and a fifty-two week high of $41.87. The firm has a market capitalization of $512.92 million, a P/E ratio of 17.49 and a beta of 0.55. The company’s 50-day moving average is $40.86 and its 200 day moving average is $39.09.

About Pacer Trendpilot US Mid Cap ETF

The Pacer Trendpilot US Mid Cap ETF (PTMC) is an exchange-traded fund that is based on the Pacer Trendpilot US Mid Cap index. The fund tracks an index that allocates to a proprietary US mid-cap Index and\u002For 3-month US T-bills, according to momentum. PTMC was launched on Jun 11, 2015 and is managed by Pacer.