Pacer Trendpilot US Large Cap ETF (BATS:PTLC) Stake Lowered by Financial Advocates Investment Management

Financial Advocates Investment Management trimmed its position in shares of Pacer Trendpilot US Large Cap ETF (BATS:PTLC) by 6.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 101,357 shares of the company’s stock after selling 7,359 shares during the period. Financial Advocates Investment Management’s holdings in Pacer Trendpilot US Large Cap ETF were worth $5,417,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the company. Assetmark Inc. grew its stake in shares of Pacer Trendpilot US Large Cap ETF by 1,326.7% in the 3rd quarter. Assetmark Inc. now owns 642 shares of the company’s stock valued at $34,000 after buying an additional 597 shares in the last quarter. Crewe Advisors LLC acquired a new position in Pacer Trendpilot US Large Cap ETF during the fourth quarter worth $38,000. CWM LLC raised its holdings in Pacer Trendpilot US Large Cap ETF by 32.7% during the third quarter. CWM LLC now owns 1,186 shares of the company’s stock valued at $62,000 after buying an additional 292 shares in the last quarter. Eastern Bank acquired a new stake in shares of Pacer Trendpilot US Large Cap ETF in the third quarter worth about $123,000. Finally, PSI Advisors LLC boosted its position in Pacer Trendpilot US Large Cap ETF by 13.4% during the third quarter. PSI Advisors LLC now owns 3,804 shares of the company’s stock worth $200,000 after purchasing an additional 450 shares during the period.

Pacer Trendpilot US Large Cap ETF Stock Performance

BATS:PTLC opened at $55.09 on Thursday. The company has a market capitalization of $3.16 billion, a price-to-earnings ratio of 26.16 and a beta of 0.98. The company has a 50 day moving average price of $54.65 and a 200 day moving average price of $52.82.

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.