Merit Financial Group LLC Lowers Stock Position in Pacer Trendpilot US Large Cap ETF (BATS:PTLC)

Merit Financial Group LLC cut its holdings in shares of Pacer Trendpilot US Large Cap ETF (BATS:PTLC) by 6.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,062 shares of the company’s stock after selling 517 shares during the period. Merit Financial Group LLC’s holdings in Pacer Trendpilot US Large Cap ETF were worth $431,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of PTLC. LPL Financial LLC boosted its stake in Pacer Trendpilot US Large Cap ETF by 6.8% in the third quarter. LPL Financial LLC now owns 3,237,972 shares of the company’s stock valued at $170,155,000 after acquiring an additional 204,965 shares in the last quarter. CFS Investment Advisory Services LLC lifted its holdings in shares of Pacer Trendpilot US Large Cap ETF by 0.7% during the 3rd quarter. CFS Investment Advisory Services LLC now owns 1,956,920 shares of the company’s stock valued at $102,836,000 after purchasing an additional 13,836 shares during the last quarter. Commonwealth Equity Services LLC boosted its position in shares of Pacer Trendpilot US Large Cap ETF by 1.3% in the 3rd quarter. Commonwealth Equity Services LLC now owns 1,263,196 shares of the company’s stock worth $66,381,000 after purchasing an additional 16,057 shares in the last quarter. Ferguson Shapiro LLC grew its stake in Pacer Trendpilot US Large Cap ETF by 105.3% during the 3rd quarter. Ferguson Shapiro LLC now owns 1,167,237 shares of the company’s stock worth $61,338,000 after buying an additional 598,695 shares during the last quarter. Finally, Cetera Investment Advisers increased its position in Pacer Trendpilot US Large Cap ETF by 9.4% during the 2nd quarter. Cetera Investment Advisers now owns 1,073,209 shares of the company’s stock valued at $53,403,000 after buying an additional 91,995 shares in the last quarter.

Pacer Trendpilot US Large Cap ETF Price Performance

Shares of PTLC stock opened at $55.57 on Friday. The stock has a 50-day moving average price of $54.54 and a two-hundred day moving average price of $52.55. The stock has a market cap of $3.18 billion, a price-to-earnings ratio of 26.16 and a beta of 0.98.

Pacer Trendpilot US Large Cap ETF 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.