Northwestern Mutual Wealth Management Co. Cuts Holdings in Pacer Trendpilot US Large Cap ETF $PTLC

Northwestern Mutual Wealth Management Co. trimmed its holdings in shares of Pacer Trendpilot US Large Cap ETF (BATS:PTLC) by 70.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 67,742 shares of the company’s stock after selling 165,440 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Pacer Trendpilot US Large Cap ETF were worth $3,765,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in PTLC. HBW Advisory Services LLC boosted its stake in shares of Pacer Trendpilot US Large Cap ETF by 4.5% in the 4th quarter. HBW Advisory Services LLC now owns 5,718 shares of the company’s stock worth $318,000 after buying an additional 245 shares during the last quarter. Equitable Holdings Inc. boosted its stake in shares of Pacer Trendpilot US Large Cap ETF by 1.2% in the 3rd quarter. Equitable Holdings Inc. now owns 23,391 shares of the company’s stock worth $1,281,000 after buying an additional 267 shares during the last quarter. Kinloch Capital LLC boosted its stake in shares of Pacer Trendpilot US Large Cap ETF by 6.5% in the 3rd quarter. Kinloch Capital LLC now owns 4,754 shares of the company’s stock worth $260,000 after buying an additional 290 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in shares of Pacer Trendpilot US Large Cap ETF by 0.9% in the 3rd quarter. Envestnet Portfolio Solutions Inc. now owns 32,700 shares of the company’s stock worth $1,791,000 after buying an additional 305 shares during the last quarter. Finally, Oppenheimer & Co. Inc. boosted its stake in shares of Pacer Trendpilot US Large Cap ETF by 1.8% in the 4th quarter. Oppenheimer & Co. Inc. now owns 27,156 shares of the company’s stock worth $1,509,000 after buying an additional 484 shares during the last quarter.

Pacer Trendpilot US Large Cap ETF Price Performance

PTLC stock opened at $58.00 on Monday. The company has a market cap of $3.80 billion, a P/E ratio of 25.78 and a beta of 0.60. Pacer Trendpilot US Large Cap ETF has a 1 year low of $47.13 and a 1 year high of $58.33. The stock’s fifty day moving average price is $54.93 and its 200-day moving average price is $55.56.

About Pacer Trendpilot US Large Cap ETF

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.