Cetera Investment Advisers Raises Stock Position in Pacer Trendpilot US Large Cap ETF (BATS:PTLC)

Cetera Investment Advisers increased its stake in Pacer Trendpilot US Large Cap ETF (BATS:PTLC) by 796.2% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 981,214 shares of the company’s stock after acquiring an additional 871,732 shares during the quarter. Cetera Investment Advisers’ holdings in Pacer Trendpilot US Large Cap ETF were worth $46,824,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Wells Fargo & Company MN increased its holdings in Pacer Trendpilot US Large Cap ETF by 6.3% in the 4th quarter. Wells Fargo & Company MN now owns 2,543,424 shares of the company’s stock worth $110,054,000 after acquiring an additional 150,534 shares in the last quarter. CFS Investment Advisory Services LLC boosted its stake in Pacer Trendpilot US Large Cap ETF by 0.8% during the 4th quarter. CFS Investment Advisory Services LLC now owns 1,895,645 shares of the company’s stock worth $82,025,000 after purchasing an additional 14,189 shares during the last quarter. Commonwealth Equity Services LLC boosted its stake in Pacer Trendpilot US Large Cap ETF by 5.4% during the 1st quarter. Commonwealth Equity Services LLC now owns 1,258,345 shares of the company’s stock worth $60,048,000 after purchasing an additional 64,831 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in Pacer Trendpilot US Large Cap ETF by 4.0% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 601,490 shares of the company’s stock worth $28,703,000 after purchasing an additional 23,064 shares during the last quarter. Finally, American Planning Services Inc. boosted its stake in Pacer Trendpilot US Large Cap ETF by 1.6% during the 1st quarter. American Planning Services Inc. now owns 469,351 shares of the company’s stock worth $22,397,000 after purchasing an additional 7,349 shares during the last quarter.

Pacer Trendpilot US Large Cap ETF Stock Performance

PTLC traded down $0.96 on Friday, hitting $48.70. 185,539 shares of the company’s stock were exchanged. The firm’s fifty day simple moving average is $49.71 and its 200-day simple moving average is $47.47. The company has a market capitalization of $2.79 billion, a PE ratio of 26.16 and a beta of 0.98.

Pacer Trendpilot US Large Cap ETF Profile

The Pacer Trendpilot US Large Cap ETF (PTLC) is an exchange-traded fund that is based on the Pacer Trendpilot US Large Cap index. The fund tracks an index that allocates to a proprietary US large-cap index and\u002For 3-month US T-bills, according to momentum. PTLC was launched on Jun 11, 2015 and is managed by Pacer.