NewEdge Advisors LLC Has $5.03 Million Stock Holdings in Pacer Trendpilot US Mid Cap ETF $PTMC

NewEdge Advisors LLC cut its stake in shares of Pacer Trendpilot US Mid Cap ETF (BATS:PTMC) by 48.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 129,942 shares of the company’s stock after selling 122,683 shares during the quarter. NewEdge Advisors LLC owned approximately 1.04% of Pacer Trendpilot US Mid Cap ETF worth $5,026,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of PTMC. Ancora Advisors LLC bought a new stake in Pacer Trendpilot US Mid Cap ETF during the third quarter valued at $38,000. International Assets Investment Management LLC acquired a new position in shares of Pacer Trendpilot US Mid Cap ETF in the 4th quarter valued at about $62,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of Pacer Trendpilot US Mid Cap ETF by 34.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,865 shares of the company’s stock valued at $65,000 after purchasing an additional 479 shares in the last quarter. Keybank National Association OH bought a new stake in shares of Pacer Trendpilot US Mid Cap ETF during the 1st quarter valued at about $217,000. Finally, IFS Group LLC acquired a new stake in Pacer Trendpilot US Mid Cap ETF during the first quarter worth approximately $267,000.

Pacer Trendpilot US Mid Cap ETF Stock Performance

Shares of PTMC stock opened at $40.87 on Friday. The company has a market cap of $512.92 million, a P/E ratio of 17.49 and a beta of 0.55. The stock has a 50 day simple moving average of $40.86 and a two-hundred day simple moving average of $39.09. Pacer Trendpilot US Mid Cap ETF has a fifty-two week low of $33.60 and a fifty-two week high of $41.87.

Pacer Trendpilot US Mid Cap ETF Profile

The Pacer Trendpilot US Mid Cap ETF (PTMC) is an exchange-traded fund that is based on the Pacer Trendpilot US Mid Cap index. The fund tracks an index that allocates to a proprietary US mid-cap Index and\u002For 3-month US T-bills, according to momentum. PTMC was launched on Jun 11, 2015 and is managed by Pacer.