Pacer Advisors Inc. Reduces Stock Position in Pacer Trendpilot International ETF $PTIN

Pacer Advisors Inc. cut its stake in Pacer Trendpilot International ETF (NYSEARCA:PTIN) by 11.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 353,488 shares of the company’s stock after selling 47,333 shares during the quarter. Pacer Advisors Inc. owned approximately 0.07% of Pacer Trendpilot International ETF worth $11,117,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Royal Bank of Canada increased its stake in shares of Pacer Trendpilot International ETF by 52.3% during the 1st quarter. Royal Bank of Canada now owns 40,013 shares of the company’s stock worth $1,173,000 after purchasing an additional 13,735 shares in the last quarter. NewEdge Advisors LLC increased its stake in shares of Pacer Trendpilot International ETF by 14.9% during the 1st quarter. NewEdge Advisors LLC now owns 9,475 shares of the company’s stock worth $278,000 after purchasing an additional 1,230 shares in the last quarter. Jane Street Group LLC increased its stake in shares of Pacer Trendpilot International ETF by 160.8% during the 1st quarter. Jane Street Group LLC now owns 53,012 shares of the company’s stock worth $1,554,000 after purchasing an additional 32,686 shares in the last quarter. Raymond James Financial Inc. increased its stake in shares of Pacer Trendpilot International ETF by 5.9% during the 2nd quarter. Raymond James Financial Inc. now owns 299,854 shares of the company’s stock worth $8,699,000 after purchasing an additional 16,792 shares in the last quarter. Finally, MML Investors Services LLC purchased a new position in shares of Pacer Trendpilot International ETF during the 2nd quarter worth approximately $2,632,000.

Pacer Trendpilot International ETF Price Performance

Shares of PTIN opened at $35.93 on Thursday. The firm has a 50 day simple moving average of $33.84 and a 200-day simple moving average of $33.02. Pacer Trendpilot International ETF has a 1-year low of $25.50 and a 1-year high of $36.06. The stock has a market cap of $188.63 million, a price-to-earnings ratio of 16.15 and a beta of 0.53.

Pacer Trendpilot International ETF Company Profile

The Pacer Trendpilot International ETF (PTIN) is an exchange-traded fund that is based on the Pacer Trendpilot International index. The fund tracks an index that allocates to a proprietary ex-US Large-Cap Index and\u002For 3-month US T-bills, according to momentum. PTIN was launched on May 2, 2019 and is managed by Pacer.