Freedom Investment Management Inc. Lowers Stock Position in Pacer Trendpilot US Bond ETF $PTBD

Freedom Investment Management Inc. cut its holdings in shares of Pacer Trendpilot US Bond ETF (NYSEARCA:PTBD) by 7.1% during the second quarter, HoldingsChannel.com reports. The fund owned 13,522 shares of the company’s stock after selling 1,038 shares during the quarter. Freedom Investment Management Inc.’s holdings in Pacer Trendpilot US Bond ETF were worth $267,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. IFP Advisors Inc acquired a new stake in shares of Pacer Trendpilot US Bond ETF during the second quarter worth $101,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Pacer Trendpilot US Bond ETF during the first quarter worth $179,000. Morey & Quinn Wealth Partners LLC lifted its holdings in shares of Pacer Trendpilot US Bond ETF by 20.7% during the second quarter. Morey & Quinn Wealth Partners LLC now owns 16,069 shares of the company’s stock worth $317,000 after purchasing an additional 2,760 shares during the period. Private Advisor Group LLC lifted its holdings in shares of Pacer Trendpilot US Bond ETF by 5.6% during the first quarter. Private Advisor Group LLC now owns 37,671 shares of the company’s stock worth $756,000 after purchasing an additional 1,997 shares during the period. Finally, Perigon Wealth Management LLC lifted its holdings in shares of Pacer Trendpilot US Bond ETF by 5.1% during the second quarter. Perigon Wealth Management LLC now owns 44,164 shares of the company’s stock worth $872,000 after purchasing an additional 2,126 shares during the period.

Pacer Trendpilot US Bond ETF Price Performance

Shares of NYSEARCA PTBD opened at $19.66 on Tuesday. The stock has a fifty day moving average price of $19.82 and a 200 day moving average price of $19.73. Pacer Trendpilot US Bond ETF has a 1-year low of $19.35 and a 1-year high of $20.40.

Pacer Trendpilot US Bond ETF Profile

The Pacer Trendpilot US Bond ETF (PTBD) is an exchange-traded fund that is based on the Pacer Trendpilot US Bond index. The fund tracks an index that uses a momentum-driven proprietary strategy that toggles between U.S. High Yield Corporate Bonds and 7-10 Year Treasury Bonds. PTBD was launched on Oct 22, 2019 and is managed by Pacer.