ZEGA Investments LLC Takes $1.51 Million Position in Pacer WealthShield ETF $PWS

ZEGA Investments LLC acquired a new position in Pacer WealthShield ETF (BATS:PWS) during the second quarter, Holdings Channel reports. The firm acquired 46,116 shares of the company’s stock, valued at approximately $1,513,000. ZEGA Investments LLC owned approximately 0.05% of Pacer WealthShield ETF as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Royal Bank of Canada lifted its position in shares of Pacer WealthShield ETF by 113.8% during the 1st quarter. Royal Bank of Canada now owns 44,940 shares of the company’s stock valued at $1,439,000 after acquiring an additional 23,921 shares during the last quarter. First PREMIER Bank acquired a new position in shares of Pacer WealthShield ETF in the 2nd quarter valued at about $3,666,000. Nwam LLC purchased a new stake in Pacer WealthShield ETF in the 2nd quarter worth approximately $3,332,000. Lionsbridge Wealth Management LLC purchased a new stake in shares of Pacer WealthShield ETF during the second quarter worth $290,000. Finally, Jane Street Group LLC acquired a new stake in shares of Pacer WealthShield ETF during the 4th quarter valued at about $229,000.

Pacer WealthShield ETF Stock Up 1.0%

PWS stock opened at $33.67 on Friday. The company has a market capitalization of $28.62 million, a price-to-earnings ratio of 23.24 and a beta of 0.55. Pacer WealthShield ETF has a 12 month low of $31.15 and a 12 month high of $33.83. The firm has a 50 day moving average of $32.90 and a two-hundred day moving average of $32.41.

About Pacer WealthShield ETF

The Pacer WealthShield ETF (PWS) is an exchange-traded fund that is based on the Pacer WealthShield index. The fund tracks an index that toggles between equity and Treasurys, or a combination of both, on a monthly basis depending on monthly moving averages. PWS was launched on Dec 11, 2017 and is managed by Pacer.