Empirical Finance LLC Lowers Stock Holdings in Pacer Trendpilot US Mid Cap ETF $PTMC

Empirical Finance LLC reduced its position in Pacer Trendpilot US Mid Cap ETF (BATS:PTMC) by 83.2% in the first quarter, Holdings Channel.com reports. The fund owned 48,411 shares of the company’s stock after selling 240,431 shares during the quarter. Empirical Finance LLC’s holdings in Pacer Trendpilot US Mid Cap ETF were worth $1,770,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Ancora Advisors LLC purchased a new stake in Pacer Trendpilot US Mid Cap ETF in the 3rd quarter worth approximately $38,000. International Assets Investment Management LLC purchased a new position in shares of Pacer Trendpilot US Mid Cap ETF during the 4th quarter valued at $62,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Pacer Trendpilot US Mid Cap ETF by 34.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,865 shares of the company’s stock worth $65,000 after purchasing an additional 479 shares during the period. Keybank National Association OH bought a new position in shares of Pacer Trendpilot US Mid Cap ETF in the first quarter worth $217,000. Finally, Janney Montgomery Scott LLC raised its position in shares of Pacer Trendpilot US Mid Cap ETF by 26.1% in the fourth quarter. Janney Montgomery Scott LLC now owns 7,664 shares of the company’s stock worth $273,000 after buying an additional 1,587 shares in the last quarter.

Pacer Trendpilot US Mid Cap ETF Stock Performance

BATS:PTMC opened at $41.04 on Friday. The firm has a market capitalization of $515.05 million, a price-to-earnings ratio of 17.49 and a beta of 0.55. Pacer Trendpilot US Mid Cap ETF has a 52-week low of $33.60 and a 52-week high of $41.87. The stock has a fifty day moving average of $40.72 and a 200 day moving average of $38.96.

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.