Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF (NYSEARCA:QDPL) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF (NYSEARCA:QDPL)’s stock price crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $44.52 and traded as low as $43.96. Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF shares last traded at $43.96, with a volume of 318,209 shares traded.

Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF Stock Up 0.3%

The stock has a market capitalization of $1.77 billion, a price-to-earnings ratio of 25.09 and a beta of 0.89. The company’s 50-day simple moving average is $46.06 and its 200 day simple moving average is $44.53.

Institutional Trading of Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF

Several large investors have recently made changes to their positions in QDPL. Sunbelt Securities Inc. raised its stake in shares of Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF by 25.9% in the 1st quarter. Sunbelt Securities Inc. now owns 23,198 shares of the company’s stock valued at $931,000 after acquiring an additional 4,767 shares in the last quarter. Allied Private Wealth LLC acquired a new stake in Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF in the 2nd quarter worth approximately $46,000. Bank of New York Mellon Corp boosted its position in Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF by 3.4% during the first quarter. Bank of New York Mellon Corp now owns 15,435 shares of the company’s stock worth $620,000 after purchasing an additional 512 shares during the period. Continuum Advisory LLC bought a new stake in Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF during the second quarter worth approximately $70,000. Finally, BNB Wealth Management LLC boosted its position in Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF by 4.1% during the third quarter. BNB Wealth Management LLC now owns 44,640 shares of the company’s stock worth $2,044,000 after purchasing an additional 1,754 shares during the period.

Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF Company Profile

The Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF (QDPL) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund tracks an index based on the stocks in the S&P 500 Index, long S&P Dividend futures and 3-year Treasurys. The objective is to provide 400% of the ordinary yield of the S&P 500 Index in exchange for reduced participation in the price performance. QDPL was launched on Jul 12, 2021 and is managed by Pacer.