Mather Group LLC. Acquires 47,134 Shares of Pacer Trendpilot Fund of Funds ETF $TRND

Mather Group LLC. acquired a new position in Pacer Trendpilot Fund of Funds ETF (NYSEARCA:TRND) during the third quarter, Holdings Channel.com reports. The firm acquired 47,134 shares of the company’s stock, valued at approximately $1,729,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. CX Institutional purchased a new position in shares of Pacer Trendpilot Fund of Funds ETF during the third quarter worth $30,000. Bank of America Corp DE boosted its holdings in Pacer Trendpilot Fund of Funds ETF by 0.3% in the first quarter. Bank of America Corp DE now owns 188,403 shares of the company’s stock valued at $6,225,000 after purchasing an additional 513 shares during the last quarter. Royal Bank of Canada boosted its holdings in Pacer Trendpilot Fund of Funds ETF by 1,244.1% in the first quarter. Royal Bank of Canada now owns 17,877 shares of the company’s stock valued at $591,000 after purchasing an additional 16,547 shares during the last quarter. Cetera Investment Advisers grew its position in Pacer Trendpilot Fund of Funds ETF by 13.8% during the 1st quarter. Cetera Investment Advisers now owns 46,911 shares of the company’s stock worth $1,550,000 after purchasing an additional 5,700 shares during the period. Finally, Retirement Planning Group LLC acquired a new stake in Pacer Trendpilot Fund of Funds ETF during the 1st quarter worth about $2,206,000.

Pacer Trendpilot Fund of Funds ETF Trading Down 1.1%

Shares of NYSEARCA TRND traded down $0.39 during trading on Friday, reaching $36.18. 1,646 shares of the company traded hands, compared to its average volume of 3,584. The stock has a market cap of $61.51 million, a P/E ratio of 15.57 and a beta of 0.52. The firm’s fifty day simple moving average is $37.07 and its 200 day simple moving average is $36.36. Pacer Trendpilot Fund of Funds ETF has a 12-month low of $30.59 and a 12-month high of $39.09.

About Pacer Trendpilot Fund of Funds ETF

The Pacer Trendpilot Fund of Funds ETF (TRND) is an exchange-traded fund that is based on the Pacer Trendpilot Fund of Funds index. TRND, a fund of funds, provides exposure to large- and mid-cap companies in developed markets including the US. Its underlying funds use momentum to toggle to cash at 50% or 100%. TRND was launched on May 3, 2019 and is managed by Pacer.