18,348 Shares in Pacer Pacific Asset Floating Rate High Income ETF $FLRT Bought by Crestwood Advisors Group LLC

Crestwood Advisors Group LLC acquired a new stake in Pacer Pacific Asset Floating Rate High Income ETF (NYSEARCA:FLRT) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 18,348 shares of the company’s stock, valued at approximately $870,000. Crestwood Advisors Group LLC owned 0.15% of Pacer Pacific Asset Floating Rate High Income ETF at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. AdvisorNet Financial Inc boosted its holdings in shares of Pacer Pacific Asset Floating Rate High Income ETF by 39.0% in the 3rd quarter. AdvisorNet Financial Inc now owns 98,238 shares of the company’s stock worth $4,655,000 after buying an additional 27,541 shares during the last quarter. Price Capital Management Inc. purchased a new position in Pacer Pacific Asset Floating Rate High Income ETF in the second quarter valued at about $1,424,000. Creative Financial Designs Inc. ADV grew its position in shares of Pacer Pacific Asset Floating Rate High Income ETF by 3.5% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 85,074 shares of the company’s stock valued at $4,050,000 after acquiring an additional 2,872 shares during the period. Finally, Strategic Blueprint LLC increased its stake in shares of Pacer Pacific Asset Floating Rate High Income ETF by 40.0% during the 2nd quarter. Strategic Blueprint LLC now owns 174,877 shares of the company’s stock worth $8,324,000 after purchasing an additional 49,981 shares during the last quarter.

Pacer Pacific Asset Floating Rate High Income ETF Trading Down 0.0%

Pacer Pacific Asset Floating Rate High Income ETF stock opened at $47.07 on Thursday. The business’s 50 day simple moving average is $47.23 and its 200 day simple moving average is $47.33. Pacer Pacific Asset Floating Rate High Income ETF has a 12 month low of $45.06 and a 12 month high of $47.75. The company has a market cap of $616.15 million, a price-to-earnings ratio of 10.84 and a beta of 0.13.

Pacer Pacific Asset Floating Rate High Income ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Monday, January 26th. Investors of record on Thursday, January 22nd were issued a dividend of $0.1611 per share. This represents a c) dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend was Thursday, January 22nd.

Pacer Pacific Asset Floating Rate High Income ETF Profile

The Pacer Pacific Asset Floating Rate High Income ETF (FLRT) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is an actively managed fund targeting floating-rate debt from non-investment-grade issuers. FLRT was launched on Feb 19, 2015 and is managed by Pacer.