Cetera Investment Advisers Boosts Holdings in Pacer Trendpilot US Large Cap ETF (BATS:PTLC)

Cetera Investment Advisers grew its stake in shares of Pacer Trendpilot US Large Cap ETF (BATS:PTLC) by 9.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,073,209 shares of the company’s stock after purchasing an additional 91,995 shares during the period. Cetera Investment Advisers owned approximately 1.87% of Pacer Trendpilot US Large Cap ETF worth $53,403,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Koss Olinger Consulting LLC purchased a new position in Pacer Trendpilot US Large Cap ETF during the second quarter valued at $29,792,000. Cetera Advisor Networks LLC increased its position in Pacer Trendpilot US Large Cap ETF by 32.0% during the 1st quarter. Cetera Advisor Networks LLC now owns 546,647 shares of the company’s stock valued at $26,086,000 after buying an additional 132,643 shares in the last quarter. ORG Partners LLC purchased a new position in Pacer Trendpilot US Large Cap ETF during the second quarter valued at $6,347,000. Commonwealth Equity Services LLC boosted its holdings in Pacer Trendpilot US Large Cap ETF by 5.4% in the first quarter. Commonwealth Equity Services LLC now owns 1,258,345 shares of the company’s stock worth $60,048,000 after acquiring an additional 64,831 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in Pacer Trendpilot US Large Cap ETF by 7.5% in the second quarter. Envestnet Asset Management Inc. now owns 764,960 shares of the company’s stock worth $38,064,000 after acquiring an additional 53,075 shares in the last quarter.

Pacer Trendpilot US Large Cap ETF Trading Down 0.9 %

PTLC opened at $52.07 on Wednesday. The stock has a 50-day moving average of $50.50 and a 200-day moving average of $49.04. The stock has a market cap of $2.98 billion, a price-to-earnings ratio of 26.16 and a beta of 0.98.

About Pacer Trendpilot US Large Cap ETF

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.