Pacer Trendpilot US Bond ETF (NYSEARCA:PTBD) Stock Falls 0.1% – Should You Sell?

Pacer Trendpilot US Bond ETF (NYSEARCA:PTBD)’s stock price was down 0.1% during mid-day trading on Monday. The stock traded as low as $18.33 and last traded at $18.35. 28,816 shares changed hands during trading, an increase of 22% from the average daily volume of 23,697 shares. The stock had previously closed at $18.37.

Pacer Trendpilot US Bond ETF Price Performance

The business has a 50-day simple moving average of $18.63 and a 200 day simple moving average of $19.05.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in PTBD. Pacer Advisors Inc. increased its holdings in Pacer Trendpilot US Bond ETF by 4.7% in the 1st quarter. Pacer Advisors Inc. now owns 567,271 shares of the company’s stock worth $10,767,000 after acquiring an additional 25,360 shares in the last quarter. NewEdge Advisors LLC boosted its position in shares of Pacer Trendpilot US Bond ETF by 6.1% in the first quarter. NewEdge Advisors LLC now owns 160,037 shares of the company’s stock worth $3,038,000 after purchasing an additional 9,194 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of Pacer Trendpilot US Bond ETF by 2.7% in the second quarter. Envestnet Asset Management Inc. now owns 63,483 shares of the company’s stock worth $1,217,000 after purchasing an additional 1,651 shares during the period. Private Advisor Group LLC increased its stake in shares of Pacer Trendpilot US Bond ETF by 4.7% in the first quarter. Private Advisor Group LLC now owns 48,324 shares of the company’s stock worth $917,000 after purchasing an additional 2,164 shares in the last quarter. Finally, Hyundai Investments Co. Ltd. increased its stake in shares of Pacer Trendpilot US Bond ETF by 91.2% in the second quarter. Hyundai Investments Co. Ltd. now owns 32,008 shares of the company’s stock worth $614,000 after purchasing an additional 15,265 shares in the last quarter.

Pacer Trendpilot US Bond ETF Company Profile

The Pacer Trendpilot US Bond ETF (PTBD) is an exchange-traded fund that is based on the Pacer Trendpilot US Bond index. The fund tracks an index that uses a momentum-driven proprietary strategy that toggles between U.S. High Yield Corporate Bonds and 7-10 Year Treasury Bonds. PTBD was launched on Oct 22, 2019 and is managed by Pacer.