MBL Wealth LLC Decreases Position in Pacer Trendpilot US Large Cap ETF $PTLC

MBL Wealth LLC reduced its stake in Pacer Trendpilot US Large Cap ETF (BATS:PTLC) by 13.7% during the 2nd quarter, Holdings Channel reports. The fund owned 305,577 shares of the company’s stock after selling 48,680 shares during the period. Pacer Trendpilot US Large Cap ETF comprises about 1.5% of MBL Wealth LLC’s portfolio, making the stock its 16th biggest position. MBL Wealth LLC’s holdings in Pacer Trendpilot US Large Cap ETF were worth $15,511,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in PTLC. LPL Financial LLC lifted its position in shares of Pacer Trendpilot US Large Cap ETF by 38.2% in the first quarter. LPL Financial LLC now owns 4,819,492 shares of the company’s stock valued at $247,963,000 after acquiring an additional 1,332,310 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Pacer Trendpilot US Large Cap ETF by 654.2% in the first quarter. Ameriprise Financial Inc. now owns 1,248,954 shares of the company’s stock valued at $64,251,000 after acquiring an additional 1,083,347 shares in the last quarter. Raymond James Financial Inc. lifted its position in shares of Pacer Trendpilot US Large Cap ETF by 17.5% in the first quarter. Raymond James Financial Inc. now owns 2,864,864 shares of the company’s stock valued at $147,397,000 after acquiring an additional 426,092 shares in the last quarter. Deane Retirement Strategies Inc. lifted its position in shares of Pacer Trendpilot US Large Cap ETF by 98,262.0% in the second quarter. Deane Retirement Strategies Inc. now owns 225,249 shares of the company’s stock valued at $11,431,000 after acquiring an additional 225,020 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in shares of Pacer Trendpilot US Large Cap ETF by 16.9% in the first quarter. Envestnet Asset Management Inc. now owns 1,070,076 shares of the company’s stock valued at $55,055,000 after acquiring an additional 154,653 shares in the last quarter.

Pacer Trendpilot US Large Cap ETF Trading Up 3.6%

BATS PTLC opened at $55.03 on Friday. The business’s 50-day moving average price is $53.22 and its 200 day moving average price is $50.88. Pacer Trendpilot US Large Cap ETF has a twelve month low of $46.51 and a twelve month high of $55.90. The company has a market capitalization of $3.60 billion, a PE ratio of 25.78 and a beta of 0.60.

Pacer Trendpilot US Large Cap ETF Profile

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