Valmark Advisers Inc. Takes Position in Pacer Trendpilot US Bond ETF (NYSEARCA:PTBD)

Valmark Advisers Inc. acquired a new position in shares of Pacer Trendpilot US Bond ETF (NYSEARCA:PTBD) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 10,837 shares of the company’s stock, valued at approximately $224,000.

Other hedge funds have also modified their holdings of the company. NewEdge Advisors LLC boosted its position in Pacer Trendpilot US Bond ETF by 8.2% during the 2nd quarter. NewEdge Advisors LLC now owns 172,759 shares of the company’s stock worth $3,472,000 after acquiring an additional 13,122 shares during the last quarter. PFG Advisors boosted its holdings in Pacer Trendpilot US Bond ETF by 6.9% during the first quarter. PFG Advisors now owns 49,002 shares of the company’s stock worth $999,000 after purchasing an additional 3,150 shares during the last quarter. Concurrent Investment Advisors LLC bought a new position in Pacer Trendpilot US Bond ETF in the second quarter valued at $529,000. Inspire Advisors LLC bought a new position in shares of Pacer Trendpilot US Bond ETF in the 3rd quarter valued at about $6,200,000. Finally, Magnolia Capital Advisors LLC grew its stake in Pacer Trendpilot US Bond ETF by 1.6% in the first quarter. Magnolia Capital Advisors LLC now owns 174,765 shares of the company’s stock valued at $3,474,000 after purchasing an additional 2,750 shares in the last quarter.

Pacer Trendpilot US Bond ETF Price Performance

NYSEARCA:PTBD opened at $20.13 on Friday. Pacer Trendpilot US Bond ETF has a 1-year low of $19.08 and a 1-year high of $20.91. The firm has a fifty day simple moving average of $20.51 and a 200 day simple moving average of $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.