Pacer Data & Infrastructure Real Estate ETF (NYSEARCA:SRVR) Shares Down 0.7% – Time to Sell?

Pacer Data & Infrastructure Real Estate ETF (NYSEARCA:SRVR)’s stock price fell 0.7% on Wednesday . The company traded as low as $30.67 and last traded at $30.72. Approximately 27,132 shares were traded during mid-day trading, a decline of 75% from the average daily volume of 106,800 shares. The stock had previously closed at $30.93.

Pacer Data & Infrastructure Real Estate ETF Stock Up 0.9%

The stock has a fifty day moving average of $31.20 and a 200-day moving average of $32.62. The firm has a market capitalization of $365.24 million, a P/E ratio of 41.56 and a beta of 0.99.

Institutional Trading of Pacer Data & Infrastructure Real Estate ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Ameriprise Financial Inc. bought a new position in Pacer Data & Infrastructure Real Estate ETF in the second quarter valued at approximately $36,420,000. Foster & Motley Inc. acquired a new stake in Pacer Data & Infrastructure Real Estate ETF during the 2nd quarter worth $12,558,000. Finally, Invenio Wealth Partners LLC raised its position in shares of Pacer Data & Infrastructure Real Estate ETF by 5.7% during the 3rd quarter. Invenio Wealth Partners LLC now owns 51,841 shares of the company’s stock valued at $1,642,000 after acquiring an additional 2,793 shares during the last quarter.

Pacer Data & Infrastructure Real Estate ETF Company Profile

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.