Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF (NYSEARCA:QDPL) Reaches New 1-Year High – What’s Next?

Shares of Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF (NYSEARCA:QDPL) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $44.35 and last traded at $44.32, with a volume of 120111 shares changing hands. The stock had previously closed at $43.88.

Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF Trading Up 1.0%

The firm has a market cap of $1.57 billion, a PE ratio of 25.09 and a beta of 0.88. The firm has a 50 day moving average price of $41.90 and a 200-day moving average price of $42.34.

Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 27th were issued a $0.189 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date was Friday, February 27th. This is a positive change from Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF’s previous monthly dividend of $0.18.

Hedge Funds Weigh In On Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF

Institutional investors and hedge funds have recently modified their holdings of the company. EverSource Wealth Advisors LLC purchased a new position in Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF in the second quarter valued at $59,000. Ameriprise Financial Inc. purchased a new stake in Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF during the 3rd quarter worth about $202,000. RHL Group LLC acquired a new position in shares of Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF during the 4th quarter worth about $309,000. Arkadios Wealth Advisors acquired a new position in shares of Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF during the 4th quarter worth about $349,000. Finally, Sound Income Strategies LLC increased its holdings in shares of Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF by 2,036.6% in the 4th quarter. Sound Income Strategies LLC now owns 8,226 shares of the company’s stock valued at $354,000 after acquiring an additional 7,841 shares during the last quarter.

About Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF

The Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF (QDPL) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund tracks an index based on the stocks in the S&P 500 Index, long S&P Dividend futures and 3-year Treasurys. The objective is to provide 400% of the ordinary yield of the S&P 500 Index in exchange for reduced participation in the price performance. QDPL was launched on Jul 12, 2021 and is managed by Pacer.