Raymond James Financial Inc. Acquires New Position in Pacer Trendpilot US Bond ETF (NYSEARCA:PTBD)

Raymond James Financial Inc. acquired a new stake in Pacer Trendpilot US Bond ETF (NYSEARCA:PTBD) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 308,328 shares of the company’s stock, valued at approximately $6,167,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Allworth Financial LP purchased a new position in Pacer Trendpilot US Bond ETF in the fourth quarter valued at about $30,000. Stifel Financial Corp lifted its stake in shares of Pacer Trendpilot US Bond ETF by 28.7% in the 3rd quarter. Stifel Financial Corp now owns 25,666 shares of the company’s stock valued at $529,000 after purchasing an additional 5,725 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in Pacer Trendpilot US Bond ETF by 482.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 36,489 shares of the company’s stock worth $730,000 after purchasing an additional 30,225 shares in the last quarter. ORG Partners LLC increased its position in Pacer Trendpilot US Bond ETF by 34.5% during the fourth quarter. ORG Partners LLC now owns 28,534 shares of the company’s stock worth $571,000 after buying an additional 7,327 shares during the last quarter. Finally, Sanctuary Advisors LLC increased its position in Pacer Trendpilot US Bond ETF by 2.1% during the fourth quarter. Sanctuary Advisors LLC now owns 214,254 shares of the company’s stock worth $4,333,000 after buying an additional 4,382 shares during the last quarter.

Pacer Trendpilot US Bond ETF Stock Down 0.1 %

Shares of NYSEARCA:PTBD opened at $20.15 on Tuesday. The business has a 50-day moving average of $20.22 and a two-hundred day moving average of $20.29. Pacer Trendpilot US Bond ETF has a fifty-two week low of $19.88 and a fifty-two week high of $20.91.

Pacer Trendpilot US Bond ETF Profile

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.