Pacer Data & Infrastructure Real Estate ETF (NYSEARCA:SRVR) Shares Up 0.9% – Still a Buy?

Pacer Data & Infrastructure Real Estate ETF (NYSEARCA:SRVR) shares rose 0.9% on Monday . The stock traded as high as $32.33 and last traded at $32.25. Approximately 61,992 shares were traded during trading, a decline of 49% from the average daily volume of 122,144 shares. The stock had previously closed at $31.95.

Pacer Data & Infrastructure Real Estate ETF Stock Performance

The firm has a market cap of $361.20 million, a PE ratio of 41.56 and a beta of 0.94. The company’s 50-day simple moving average is $32.02 and its two-hundred day simple moving average is $30.87.

Institutional Investors Weigh In On Pacer Data & Infrastructure Real Estate ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SRVR. Ameriprise Financial Inc. purchased a new stake in Pacer Data & Infrastructure Real Estate ETF in the second quarter worth $36,420,000. Foster & Motley Inc. grew its stake in Pacer Data & Infrastructure Real Estate ETF by 1.3% in the third quarter. Foster & Motley Inc. now owns 370,525 shares of the company’s stock worth $11,738,000 after purchasing an additional 4,659 shares during the period. Invenio Wealth Partners LLC grew its stake in Pacer Data & Infrastructure Real Estate ETF by 5.7% in the third quarter. Invenio Wealth Partners LLC now owns 51,841 shares of the company’s stock worth $1,642,000 after purchasing an additional 2,793 shares during the period. Finally, Copia Wealth Management grew its stake in Pacer Data & Infrastructure Real Estate ETF by 3.3% in the third quarter. Copia Wealth Management now owns 12,161 shares of the company’s stock worth $385,000 after purchasing an additional 384 shares during the period.

Pacer Data & Infrastructure Real Estate ETF Company Profile

The Pacer Benchmark Data & Infrastructure Real Estate SCTR ETF (SRVR) is an exchange-traded fund that mostly invests in real estate equity. The fund tracks a market cap-weighted index of real estate companies from developed markets that are related to data and infrastructure. SRVR was launched on May 15, 2018 and is managed by Pacer.