Pacer Trendpilot US Bond ETF (NYSEARCA:PTBD) Stock Falls 0.1% – Should You Sell?

Pacer Trendpilot US Bond ETF (NYSEARCA:PTBD)’s share price traded down 0.1% on Monday. The stock traded as low as $18.33 and last traded at $18.35. 28,816 shares changed hands during mid-day trading, an increase of 22% from the average daily volume of 23,697 shares. The stock had previously closed at $18.37.

Pacer Trendpilot US Bond ETF Stock Down 0.1%

The firm’s fifty day moving average is $18.63 and its two-hundred day moving average is $19.05.

Hedge Funds Weigh In On Pacer Trendpilot US Bond ETF

Several large investors have recently made changes to their positions in PTBD. Pacer Advisors Inc. boosted its stake 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 acquiring an additional 25,360 shares during the period. NewEdge Advisors LLC raised its stake in Pacer Trendpilot US Bond ETF by 6.1% during the 1st quarter. NewEdge Advisors LLC now owns 160,037 shares of the company’s stock valued at $3,038,000 after purchasing an additional 9,194 shares during the period. Envestnet Asset Management Inc. raised its stake in Pacer Trendpilot US Bond ETF by 2.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 63,483 shares of the company’s stock valued at $1,217,000 after purchasing an additional 1,651 shares during the period. Private Advisor Group LLC lifted its holdings in Pacer Trendpilot US Bond ETF by 4.7% in the 1st quarter. Private Advisor Group LLC now owns 48,324 shares of the company’s stock worth $917,000 after purchasing an additional 2,164 shares in the last quarter. Finally, Hyundai Investments Co. Ltd. lifted its holdings in Pacer Trendpilot US Bond ETF by 91.2% in the 2nd quarter. Hyundai Investments Co. Ltd. now owns 32,008 shares of the company’s stock worth $614,000 after purchasing an additional 15,265 shares in the last quarter.

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.