Wealth Enhancement Advisory Services LLC Lowers Stock Holdings in Pacer Trendpilot US Bond ETF (NYSEARCA:PTBD)

Wealth Enhancement Advisory Services LLC reduced its position in Pacer Trendpilot US Bond ETF (NYSEARCA:PTBD) by 74.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,900 shares of the company’s stock after selling 92,448 shares during the quarter. Wealth Enhancement Advisory Services LLC owned 0.35% of Pacer Trendpilot US Bond ETF worth $637,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Inspire Advisors LLC purchased a new stake in shares of Pacer Trendpilot US Bond ETF in the 3rd quarter valued at $6,200,000. ORG Wealth Partners LLC purchased a new stake in Pacer Trendpilot US Bond ETF during the third quarter valued at about $929,000. City Center Advisors LLC boosted its position in Pacer Trendpilot US Bond ETF by 6.3% during the third quarter. City Center Advisors LLC now owns 29,993 shares of the company’s stock valued at $619,000 after buying an additional 1,785 shares during the period. Sanctuary Advisors LLC purchased a new position in shares of Pacer Trendpilot US Bond ETF in the second quarter worth about $3,704,000. Finally, NewEdge Advisors LLC increased its holdings in shares of Pacer Trendpilot US Bond ETF by 8.2% in the second quarter. NewEdge Advisors LLC now owns 172,759 shares of the company’s stock worth $3,472,000 after buying an additional 13,122 shares during the period.

Pacer Trendpilot US Bond ETF Stock Performance

Shares of PTBD stock opened at $20.34 on Friday. The business has a 50-day moving average of $20.48 and a 200 day moving average of $20.36. Pacer Trendpilot US Bond ETF has a 1-year low of $19.56 and a 1-year high of $20.91.

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.