Pacer Data & Infrastructure Real Estate ETF (NYSEARCA:SRVR) Shares Down 1% – What’s Next?

Pacer Data & Infrastructure Real Estate ETF (NYSEARCA:SRVR)’s share price dropped 1% during mid-day trading on Monday . The stock traded as low as $28.88 and last traded at $28.96. Approximately 78,880 shares changed hands during mid-day trading, an increase of 31% from the average daily volume of 60,024 shares. The stock had previously closed at $29.25.

Pacer Data & Infrastructure Real Estate ETF Trading Down 0.6%

The company has a market cap of $392.71 million, a P/E ratio of 41.56 and a beta of 0.94. The business’s 50 day simple moving average is $31.24 and its 200 day simple moving average is $31.57.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Foster & Motley Inc. raised its holdings in Pacer Data & Infrastructure Real Estate ETF by 2.8% during the first quarter. Foster & Motley Inc. now owns 363,918 shares of the company’s stock valued at $10,681,000 after acquiring an additional 10,062 shares during the period. Patron Partners LLC grew its position in shares of Pacer Data & Infrastructure Real Estate ETF by 4.8% during the second quarter. Patron Partners LLC now owns 14,299 shares of the company’s stock worth $462,000 after purchasing an additional 651 shares in the last quarter. Copia Wealth Management grew its position in shares of Pacer Data & Infrastructure Real Estate ETF by 516.0% during the second quarter. Copia Wealth Management now owns 11,777 shares of the company’s stock worth $381,000 after purchasing an additional 9,865 shares in the last quarter. Ameriprise Financial Inc. bought a new stake in Pacer Data & Infrastructure Real Estate ETF during the 2nd quarter valued at approximately $36,420,000. Finally, Invenio Wealth Partners LLC raised its stake in Pacer Data & Infrastructure Real Estate ETF by 5.7% during the 3rd quarter. Invenio Wealth Partners LLC now owns 51,841 shares of the company’s stock valued at $1,642,000 after purchasing an additional 2,793 shares during the period.

Pacer Data & Infrastructure Real Estate ETF Company Profile

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.