NewEdge Advisors LLC Sells 68,154 Shares of Pacer Trendpilot US Large Cap ETF $PTLC

NewEdge Advisors LLC reduced its stake in Pacer Trendpilot US Large Cap ETF (BATS:PTLC) by 17.3% during the first quarter, Holdings Channel.com reports. The institutional investor owned 325,921 shares of the company’s stock after selling 68,154 shares during the period. NewEdge Advisors LLC’s holdings in Pacer Trendpilot US Large Cap ETF were worth $17,098,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in the stock. Ancora Advisors LLC purchased a new stake in Pacer Trendpilot US Large Cap ETF during the third quarter worth about $57,000. Sankala Group LLC bought a new stake in Pacer Trendpilot US Large Cap ETF in the fourth quarter worth about $77,000. Realta Investment Advisors boosted its stake in Pacer Trendpilot US Large Cap ETF by 179.9% in the first quarter. Realta Investment Advisors now owns 1,528 shares of the company’s stock valued at $80,000 after acquiring an additional 982 shares during the last quarter. Root Financial Partners LLC purchased a new position in Pacer Trendpilot US Large Cap ETF in the fourth quarter valued at about $136,000. Finally, Avion Wealth grew its position in shares of Pacer Trendpilot US Large Cap ETF by 27.5% during the 4th quarter. Avion Wealth now owns 4,081 shares of the company’s stock valued at $226,000 after acquiring an additional 880 shares during the period.

Pacer Trendpilot US Large Cap ETF Stock Up 0.6%

Shares of PTLC stock opened at $60.28 on Friday. The company has a 50 day moving average of $58.20 and a 200-day moving average of $56.46. Pacer Trendpilot US Large Cap ETF has a 12-month low of $51.58 and a 12-month high of $60.54. The firm has a market cap of $3.95 billion, a P/E ratio of 25.78 and a beta of 0.60.

Pacer Trendpilot US Large Cap ETF Company Profile

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.