Envestnet Asset Management Inc. Buys 53,075 Shares of Pacer Trendpilot US Large Cap ETF (BATS:PTLC)

Envestnet Asset Management Inc. raised its stake in Pacer Trendpilot US Large Cap ETF (BATS:PTLC) by 7.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 764,960 shares of the company’s stock after purchasing an additional 53,075 shares during the quarter. Envestnet Asset Management Inc. owned 1.34% of Pacer Trendpilot US Large Cap ETF worth $38,064,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of PTLC. Oppenheimer & Co. Inc. raised its position in Pacer Trendpilot US Large Cap ETF by 6.3% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 30,384 shares of the company’s stock valued at $1,512,000 after buying an additional 1,800 shares during the last quarter. PFG Advisors raised its holdings in shares of Pacer Trendpilot US Large Cap ETF by 28.5% in the second quarter. PFG Advisors now owns 190,134 shares of the company’s stock valued at $9,461,000 after purchasing an additional 42,224 shares during the last quarter. LPL Financial LLC lifted its position in shares of Pacer Trendpilot US Large Cap ETF by 1.1% during the second quarter. LPL Financial LLC now owns 3,033,007 shares of the company’s stock valued at $150,922,000 after purchasing an additional 33,440 shares in the last quarter. Beam Wealth Advisors Inc. boosted its holdings in Pacer Trendpilot US Large Cap ETF by 22.2% during the second quarter. Beam Wealth Advisors Inc. now owns 38,176 shares of the company’s stock worth $1,900,000 after purchasing an additional 6,929 shares during the last quarter. Finally, Koss Olinger Consulting LLC bought a new stake in Pacer Trendpilot US Large Cap ETF in the 2nd quarter worth about $29,792,000.

Pacer Trendpilot US Large Cap ETF Stock Performance

BATS:PTLC opened at $52.09 on Friday. The company has a 50 day moving average price of $50.30 and a 200-day moving average price of $48.73. The stock has a market cap of $2.98 billion, a price-to-earnings ratio of 26.16 and a beta of 0.98.

Pacer Trendpilot US Large Cap ETF Company 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.