NewEdge Advisors LLC Decreases Stock Holdings in Pacer Trendpilot US Bond ETF $PTBD

NewEdge Advisors LLC reduced its stake in shares of Pacer Trendpilot US Bond ETF (NYSEARCA:PTBD) by 77.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,724 shares of the company’s stock after selling 116,119 shares during the period. NewEdge Advisors LLC’s holdings in Pacer Trendpilot US Bond ETF were worth $659,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Independent Financial Group LLC acquired a new stake in shares of Pacer Trendpilot US Bond ETF in the first quarter valued at approximately $267,000. Kestra Advisory Services LLC boosted its stake in Pacer Trendpilot US Bond ETF by 9.7% during the first quarter. Kestra Advisory Services LLC now owns 11,545 shares of the company’s stock worth $219,000 after buying an additional 1,024 shares during the last quarter. Ascentis Independent Advisors acquired a new position in Pacer Trendpilot US Bond ETF during the first quarter worth $68,000. Private Advisor Group LLC boosted its stake in Pacer Trendpilot US Bond ETF by 4.7% during the first quarter. Private Advisor Group LLC now owns 48,324 shares of the company’s stock worth $917,000 after buying an additional 2,164 shares during the last quarter. Finally, Maridea Wealth Management LLC purchased a new stake in Pacer Trendpilot US Bond ETF in the 1st quarter valued at $1,208,000.

Pacer Trendpilot US Bond ETF Price Performance

Shares of PTBD opened at $19.01 on Monday. Pacer Trendpilot US Bond ETF has a 52-week low of $18.69 and a 52-week high of $20.00. The stock has a fifty day simple moving average of $19.13 and a two-hundred day simple moving average of $19.21.

About Pacer Trendpilot US Bond ETF

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.