Inspire Advisors LLC Acquires Shares of 300,523 Pacer Trendpilot US Bond ETF (NYSEARCA:PTBD)

Inspire Advisors LLC bought a new position in shares of Pacer Trendpilot US Bond ETF (NYSEARCA:PTBD) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 300,523 shares of the company’s stock, valued at approximately $6,200,000. Pacer Trendpilot US Bond ETF accounts for about 0.8% of Inspire Advisors LLC’s holdings, making the stock its 12th largest holding. Inspire Advisors LLC owned approximately 3.38% of Pacer Trendpilot US Bond ETF at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. ORG Wealth Partners LLC acquired a new stake in shares of Pacer Trendpilot US Bond ETF during the third quarter worth about $929,000. City Center Advisors LLC boosted its stake in shares of 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 worth $619,000 after buying an additional 1,785 shares during the period. Sanctuary Advisors LLC acquired a new stake in shares of Pacer Trendpilot US Bond ETF during the second quarter worth about $3,704,000. NewEdge Advisors LLC boosted its stake in shares of Pacer Trendpilot US Bond ETF by 8.2% during 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. Finally, Magnolia Capital Advisors LLC boosted its stake in shares of Pacer Trendpilot US Bond ETF by 0.7% during the second quarter. Magnolia Capital Advisors LLC now owns 175,950 shares of the company’s stock worth $3,537,000 after buying an additional 1,185 shares during the period.

Pacer Trendpilot US Bond ETF Price Performance

Shares of PTBD traded up $0.04 during mid-day trading on Friday, hitting $20.37. 5,934 shares of the company’s stock were exchanged, compared to its average volume of 36,034. Pacer Trendpilot US Bond ETF has a fifty-two week low of $19.05 and a fifty-two week high of $20.91. The business’s 50 day moving average is $20.56 and its two-hundred day moving average is $20.36.

Pacer Trendpilot US Bond ETF Company Profile

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.