Wealth Enhancement Advisory Services LLC Lowers Stock Position in Pacer Trendpilot US Bond ETF (NYSEARCA:PTBD)

Wealth Enhancement Advisory Services LLC lessened its holdings in shares of Pacer Trendpilot US Bond ETF (NYSEARCA:PTBD) by 74.9% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 30,900 shares of the company’s stock after selling 92,448 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Pacer Trendpilot US Bond ETF were worth $637,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. International Assets Investment Management LLC purchased a new position in Pacer Trendpilot US Bond ETF during the second quarter valued at $159,000. Kingswood Wealth Advisors LLC bought a new position in shares of Pacer Trendpilot US Bond ETF during the second quarter valued at $321,000. Concurrent Investment Advisors LLC purchased a new position in shares of Pacer Trendpilot US Bond ETF in the 2nd quarter worth about $529,000. City Center Advisors LLC boosted its stake in Pacer Trendpilot US Bond ETF by 6.3% in the 3rd quarter. City Center Advisors LLC now owns 29,993 shares of the company’s stock worth $619,000 after purchasing an additional 1,785 shares in the last quarter. Finally, Private Advisor Group LLC purchased a new stake in Pacer Trendpilot US Bond ETF during the 1st quarter valued at about $765,000.

Pacer Trendpilot US Bond ETF Stock Performance

NYSEARCA:PTBD opened at $20.34 on Friday. Pacer Trendpilot US Bond ETF has a fifty-two week low of $19.56 and a fifty-two week high of $20.91. The firm has a 50-day simple moving average of $20.48 and a two-hundred day simple moving average of $20.36.

About Pacer Trendpilot US Bond ETF

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.