Magnolia Private Wealth LLC purchased a new position in shares of Pacer American Energy Independence ETF (NYSEARCA:USAI – Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 12,463 shares of the company’s stock, valued at approximately $475,000. Magnolia Private Wealth LLC owned approximately 0.59% of Pacer American Energy Independence ETF as of its most recent filing with the Securities & Exchange Commission.
Separately, Flow Traders U.S. LLC grew its holdings in shares of Pacer American Energy Independence ETF by 44.8% in the third quarter. Flow Traders U.S. LLC now owns 20,696 shares of the company’s stock valued at $825,000 after purchasing an additional 6,399 shares in the last quarter.
Pacer American Energy Independence ETF Stock Down 0.7%
Shares of USAI opened at $47.76 on Friday. The company has a market cap of $109.85 million, a P/E ratio of 19.96 and a beta of 0.65. Pacer American Energy Independence ETF has a fifty-two week low of $36.49 and a fifty-two week high of $49.14. The firm’s 50 day moving average price is $46.36 and its 200 day moving average price is $42.30.
Pacer American Energy Independence ETF Profile
The Pacer American Energy Independence ETF (USAI) is an exchange-traded fund that is based on the American Energy Independence index. The fund tracks an index of US and Canadian MLPs involved in midstream energy infrastructure. USAI was launched on Dec 13, 2017 and is managed by Pacer.
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