Western Wealth Management LLC Lowers Stock Holdings in Pacer Trendpilot US Large Cap ETF (BATS:PTLC)

Western Wealth Management LLC lowered its stake in shares of Pacer Trendpilot US Large Cap ETF (BATS:PTLC) by 17.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 26,111 shares of the company’s stock after selling 5,624 shares during the quarter. Western Wealth Management LLC’s holdings in Pacer Trendpilot US Large Cap ETF were worth $1,130,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Citigroup Inc. lifted its position in Pacer Trendpilot US Large Cap ETF by 264.0% in the first quarter. Citigroup Inc. now owns 45,990 shares of the company’s stock valued at $1,786,000 after purchasing an additional 33,357 shares during the period. Synovus Financial Corp lifted its position in shares of Pacer Trendpilot US Large Cap ETF by 8.9% during the 1st quarter. Synovus Financial Corp now owns 9,979 shares of the company’s stock valued at $388,000 after acquiring an additional 819 shares during the period. Cetera Investment Advisers lifted its position in shares of Pacer Trendpilot US Large Cap ETF by 6.4% during the 1st quarter. Cetera Investment Advisers now owns 73,614 shares of the company’s stock valued at $2,859,000 after acquiring an additional 4,403 shares during the period. Brown Brothers Harriman & Co. acquired a new stake in shares of Pacer Trendpilot US Large Cap ETF during the 1st quarter valued at approximately $389,000. Finally, NewEdge Advisors LLC lifted its position in shares of Pacer Trendpilot US Large Cap ETF by 24.8% during the 1st quarter. NewEdge Advisors LLC now owns 81,554 shares of the company’s stock valued at $3,168,000 after acquiring an additional 16,196 shares during the period.

Pacer Trendpilot US Large Cap ETF Stock Performance

PTLC stock opened at $45.19 on Friday. The firm’s 50-day moving average is $46.57 and its 200 day moving average is $43.64. The firm has a market cap of $2.56 billion, a P/E ratio of 25.59 and a beta of 0.97.

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.