Pacer Data & Infrastructure Real Estate ETF (NYSEARCA:SRVR) Shares Down 0.7% – Time to Sell?

Pacer Data & Infrastructure Real Estate ETF (NYSEARCA:SRVR) dropped 0.7% on Wednesday. The stock traded as low as $28.29 and last traded at $28.33. Approximately 87,915 shares changed hands during trading, a decline of 18% from the average daily volume of 107,775 shares. The stock had previously closed at $28.52.

Pacer Data & Infrastructure Real Estate ETF Price Performance

The firm has a 50 day moving average of $30.80 and a two-hundred day moving average of $32.28. The stock has a market cap of $320.13 million, a PE ratio of 41.56 and a beta of 0.99.

Institutional Trading of Pacer Data & Infrastructure Real Estate ETF

An institutional investor recently raised its stake in Pacer Data & Infrastructure Real Estate ETF stock. Foster & Motley Inc. grew its stake in Pacer Data & Infrastructure Real Estate ETF (NYSEARCA:SRVR) by 1.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 376,935 shares of the company’s stock after buying an additional 4,017 shares during the period. Foster & Motley Inc. owned 3.29% of Pacer Data & Infrastructure Real Estate ETF worth $11,768,000 at the end of the most recent reporting period.

About Pacer Data & Infrastructure Real Estate ETF

The Pacer Benchmark Data & Infrastructure Real Estate SCTR ETF (SRVR) is an exchange-traded fund that mostly invests in real estate equity. The fund tracks a market cap-weighted index of real estate companies from developed markets that are related to data and infrastructure. SRVR was launched on May 15, 2018 and is managed by Pacer.