MY Wealth Management Inc. Makes New Investment in Pacer Trendpilot US Large Cap ETF (BATS:PTLC)

MY Wealth Management Inc. purchased a new position in Pacer Trendpilot US Large Cap ETF (BATS:PTLC) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 141,338 shares of the company’s stock, valued at approximately $7,553,000. Pacer Trendpilot US Large Cap ETF accounts for 7.5% of MY Wealth Management Inc.’s investment portfolio, making the stock its 5th biggest position.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PTLC. Park Avenue Securities LLC grew its position in shares of Pacer Trendpilot US Large Cap ETF by 16.2% during the fourth quarter. Park Avenue Securities LLC now owns 5,391 shares of the company’s stock worth $288,000 after purchasing an additional 750 shares in the last quarter. Assetmark Inc. grew its holdings in Pacer Trendpilot US Large Cap ETF by 1,326.7% during 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. Janney Montgomery Scott LLC purchased a new stake in Pacer Trendpilot US Large Cap ETF during the 3rd quarter valued at approximately $2,514,000. HighTower Advisors LLC raised its position in shares of Pacer Trendpilot US Large Cap ETF by 9.8% during the third quarter. HighTower Advisors LLC now owns 171,332 shares of the company’s stock valued at $8,987,000 after buying an additional 15,236 shares during the last quarter. Finally, Empowered Funds LLC purchased a new position in shares of Pacer Trendpilot US Large Cap ETF in the fourth quarter worth $96,000.

Pacer Trendpilot US Large Cap ETF Trading Down 4.5 %

Shares of BATS:PTLC opened at $50.71 on Wednesday. The company has a market capitalization of $3.28 billion, a price-to-earnings ratio of 25.52 and a beta of 0.57. The stock’s fifty day moving average is $54.24 and its two-hundred day moving average is $53.59.

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.