Envestnet Asset Management Inc. lessened its holdings in shares of Pacer Trendpilot US Large Cap ETF (BATS:PTLC – Free Report) by 22.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 489,028 shares of the company’s stock after selling 138,835 shares during the quarter. Envestnet Asset Management Inc. owned 0.92% of Pacer Trendpilot US Large Cap ETF worth $18,617,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PTLC. Geneos Wealth Management Inc. raised its position in shares of Pacer Trendpilot US Large Cap ETF by 41.8% during the first quarter. Geneos Wealth Management Inc. now owns 184,672 shares of the company’s stock worth $7,030,000 after purchasing an additional 54,481 shares during the period. Orion Portfolio Solutions LLC lifted its stake in Pacer Trendpilot US Large Cap ETF by 34.3% in the fourth quarter. Orion Portfolio Solutions LLC now owns 10,290 shares of the company’s stock valued at $386,000 after buying an additional 2,627 shares in the last quarter. Welch Group LLC acquired a new position in shares of Pacer Trendpilot US Large Cap ETF in the first quarter valued at approximately $872,000. Raymond James & Associates increased its position in shares of Pacer Trendpilot US Large Cap ETF by 5.4% during the first quarter. Raymond James & Associates now owns 726,894 shares of the company’s stock worth $27,673,000 after acquiring an additional 37,360 shares in the last quarter. Finally, LPL Financial LLC increased its position in shares of Pacer Trendpilot US Large Cap ETF by 0.4% during the first quarter. LPL Financial LLC now owns 2,401,996 shares of the company’s stock worth $91,444,000 after acquiring an additional 8,387 shares in the last quarter.
Pacer Trendpilot US Large Cap ETF Trading Up 0.3 %
PTLC opened at $42.02 on Friday. The company has a 50 day moving average of $41.51 and a two-hundred day moving average of $39.32.
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.
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