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

Shares of Pacer Trendpilot US Bond ETF (NYSEARCA:PTBD) traded down 0.1% during trading on Friday . The stock traded as low as $18.92 and last traded at $18.93. 10,120 shares traded hands during mid-day trading, a decline of 56% from the average daily volume of 23,207 shares. The stock had previously closed at $18.95.

Pacer Trendpilot US Bond ETF Stock Performance

The stock’s 50-day moving average is $19.09 and its two-hundred day moving average is $19.14.

Institutional Trading of Pacer Trendpilot US Bond ETF

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