Pacer Trendpilot US Bond ETF (NYSEARCA:PTBD) Stock Price Down 0.1% – Time to Sell?

Pacer Trendpilot US Bond ETF (NYSEARCA:PTBD) traded down 0.1% on Friday . The stock traded as low as $18.92 and last traded at $18.93. Approximately 10,120 shares were traded during trading, a decline of 56% from the average daily volume of 23,207 shares. The stock had previously closed at $18.95.

Pacer Trendpilot US Bond ETF Stock Performance

The firm’s 50 day simple moving average is $19.09 and its 200-day simple moving average is $19.14.

Institutional Investors Weigh In On Pacer Trendpilot US Bond ETF

A number of institutional investors have recently bought and sold shares of PTBD. Truist Financial Corp grew its stake in Pacer Trendpilot US Bond ETF by 5.0% during the 4th quarter. Truist Financial Corp now owns 12,647 shares of the company’s stock valued at $245,000 after acquiring an additional 603 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings in shares of Pacer Trendpilot US Bond ETF by 17.0% during the second quarter. Geneos Wealth Management Inc. now owns 6,277 shares of the company’s stock worth $124,000 after purchasing an additional 910 shares during the period. Kestra Advisory Services LLC grew its position in Pacer Trendpilot US Bond ETF by 9.7% during the first quarter. Kestra Advisory Services LLC now owns 11,545 shares of the company’s stock valued at $219,000 after purchasing an additional 1,024 shares in the last quarter. Private Advisor Group LLC increased its stake in Pacer Trendpilot US Bond ETF by 4.7% in the 1st quarter. Private Advisor Group LLC now owns 48,324 shares of the company’s stock valued at $917,000 after buying an additional 2,164 shares during the period. Finally, Ascentis Independent Advisors purchased a new stake in Pacer Trendpilot US Bond ETF in the 1st quarter worth approximately $68,000.

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.