J.W. Cole Advisors Inc. Trims Holdings in Pacer Trendpilot US Bond ETF (NYSEARCA:PTBD)

J.W. Cole Advisors Inc. trimmed its position in Pacer Trendpilot US Bond ETF (NYSEARCA:PTBD) by 34.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,434 shares of the company’s stock after selling 8,559 shares during the quarter. J.W. Cole Advisors Inc. owned about 0.18% of Pacer Trendpilot US Bond ETF worth $330,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Creekmur Asset Management LLC purchased a new stake in Pacer Trendpilot US Bond ETF during the 4th quarter valued at approximately $37,000. PFG Advisors grew its holdings in Pacer Trendpilot US Bond ETF by 6.9% during the 1st quarter. PFG Advisors now owns 49,002 shares of the company’s stock valued at $999,000 after buying an additional 3,150 shares in the last quarter. Concurrent Investment Advisors LLC purchased a new stake in Pacer Trendpilot US Bond ETF during the 2nd quarter valued at approximately $529,000. Private Advisor Group LLC bought a new position in shares of Pacer Trendpilot US Bond ETF during the 1st quarter valued at approximately $765,000. Finally, Magnolia Capital Advisors LLC increased its position in Pacer Trendpilot US Bond ETF by 1.6% in the first quarter. Magnolia Capital Advisors LLC now owns 174,765 shares of the company’s stock worth $3,474,000 after purchasing an additional 2,750 shares during the last quarter.

Pacer Trendpilot US Bond ETF Stock Performance

Shares of PTBD opened at $20.79 on Thursday. The company’s fifty day moving average is $20.52 and its 200 day moving average is $20.34. Pacer Trendpilot US Bond ETF has a fifty-two week low of $19.05 and a fifty-two week high of $20.91.

Pacer Trendpilot US Bond ETF Profile

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.