Pacer Data & Infrastructure Real Estate ETF (NYSEARCA:SRVR) Shares Down 0.5% – Should You Sell?

Pacer Data & Infrastructure Real Estate ETF (NYSEARCA:SRVR) dropped 0.5% during trading on Tuesday . The company traded as low as $30.69 and last traded at $30.89. 139,300 shares changed hands during trading, an increase of 28% from the average session volume of 108,915 shares. The stock had previously closed at $31.03.

Pacer Data & Infrastructure Real Estate ETF Price Performance

The business’s fifty day simple moving average is $33.70 and its two-hundred day simple moving average is $32.41. The company has a market cap of $373.20 million, a PE ratio of 41.56 and a beta of 0.99.

Institutional Investors Weigh In On Pacer Data & Infrastructure Real Estate ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Ameriprise Financial Inc. boosted its stake in shares of Pacer Data & Infrastructure Real Estate ETF by 2.1% in the third quarter. Ameriprise Financial Inc. now owns 1,150,694 shares of the company’s stock valued at $36,449,000 after buying an additional 23,764 shares in the last quarter. Invenio Wealth Partners LLC raised its position in Pacer Data & Infrastructure Real Estate ETF by 5.7% in the third quarter. Invenio Wealth Partners LLC now owns 51,841 shares of the company’s stock worth $1,642,000 after acquiring an additional 2,793 shares in the last quarter. Finally, Foster & Motley Inc. raised its position in Pacer Data & Infrastructure Real Estate ETF by 1.1% in the first quarter. Foster & Motley Inc. now owns 376,935 shares of the company’s stock worth $11,768,000 after acquiring an additional 4,017 shares in the last quarter.

About Pacer Data & Infrastructure Real Estate ETF

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.