Pacer Advisors Inc. Cuts Stock Position in Pacer Swan SOS Moderate (January) ETF $PSMD

Pacer Advisors Inc. trimmed its position in shares of Pacer Swan SOS Moderate (January) ETF (BATS:PSMD) by 5.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,054,300 shares of the company’s stock after selling 119,470 shares during the period. Pacer Advisors Inc. owned approximately 70.84% of Pacer Swan SOS Moderate (January) ETF worth $66,693,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PSMD. Sovran Advisors LLC purchased a new position in Pacer Swan SOS Moderate (January) ETF in the 4th quarter valued at about $240,000. Insight Wealth Strategies LLC boosted its position in Pacer Swan SOS Moderate (January) ETF by 41.8% in the 4th quarter. Insight Wealth Strategies LLC now owns 20,287 shares of the company’s stock valued at $659,000 after buying an additional 5,982 shares during the last quarter. Finally, Susquehanna International Group LLP purchased a new position in Pacer Swan SOS Moderate (January) ETF in the 3rd quarter valued at about $2,205,000.

Pacer Swan SOS Moderate (January) ETF Price Performance

BATS:PSMD opened at $33.96 on Thursday. The firm has a 50-day moving average of $32.73 and a two-hundred day moving average of $32.50. The stock has a market cap of $98.48 million, a P/E ratio of 25.75 and a beta of 0.47. Pacer Swan SOS Moderate has a 1-year low of $29.27 and a 1-year high of $33.96.

About Pacer Swan SOS Moderate (January) ETF

The Pacer Swan SOS Moderate (January) ETF (PSMD) is an exchange-traded fund that is based on the SPDR S&P 500 ETF Trust index. The fund aims for specific buffered losses and capped gains on SPDR S&P 500 ETF over a specific holdings period. The actively-managed fund holds options and collateral. PSMD was launched on Dec 22, 2020 and is managed by Pacer.