Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF (NYSEARCA:QDPL) Shares Up 0.7% – Time to Buy?

Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF (NYSEARCA:QDPL)’s share price shot up 0.7% during mid-day trading on Thursday . The stock traded as high as $45.75 and last traded at $45.73. Approximately 110,645 shares traded hands during mid-day trading, a decline of 37% from the average session volume of 175,883 shares. The stock had previously closed at $45.40.

Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF Stock Performance

The firm has a market cap of $1.70 billion, a P/E ratio of 25.09 and a beta of 0.89. The business has a 50-day simple moving average of $45.37 and a 200 day simple moving average of $43.38.

Institutional Trading of Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF

Several large investors have recently added to or reduced their stakes in QDPL. Allied Private Wealth LLC bought a new stake in shares of Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF during the 2nd quarter valued at about $46,000. Arkadios Wealth Advisors lifted its stake in shares of Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF by 9.9% in the 1st quarter. Arkadios Wealth Advisors now owns 9,039 shares of the company’s stock valued at $363,000 after purchasing an additional 813 shares during the period. Sunbelt Securities Inc. boosted its position in shares of Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF by 25.9% during the first quarter. Sunbelt Securities Inc. now owns 23,198 shares of the company’s stock valued at $931,000 after purchasing an additional 4,767 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF by 3.4% in the first quarter. Bank of New York Mellon Corp now owns 15,435 shares of the company’s stock worth $620,000 after purchasing an additional 512 shares during the period. Finally, Nations Financial Group Inc. IA ADV raised its holdings in Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF by 1.9% in the first quarter. Nations Financial Group Inc. IA ADV now owns 27,469 shares of the company’s stock worth $1,103,000 after purchasing an additional 514 shares in the last quarter.

About Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF

The Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF (QDPL) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund tracks an index based on the stocks in the S&P 500 Index, long S&P Dividend futures and 3-year Treasurys. The objective is to provide 400% of the ordinary yield of the S&P 500 Index in exchange for reduced participation in the price performance. QDPL was launched on Jul 12, 2021 and is managed by Pacer.