Raymond James Financial Inc. bought a new position in Pacer Trendpilot US Large Cap ETF (BATS:PTLC – Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,438,771 shares of the company’s stock, valued at approximately $130,328,000. Raymond James Financial Inc. owned approximately 4.26% of Pacer Trendpilot US Large Cap ETF at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in PTLC. Assetmark Inc. boosted its holdings in Pacer Trendpilot US Large Cap ETF by 1,326.7% in the third quarter. Assetmark Inc. now owns 642 shares of the company’s stock worth $34,000 after acquiring an additional 597 shares in the last quarter. Principal Securities Inc. bought a new stake in Pacer Trendpilot US Large Cap ETF in the fourth quarter worth $36,000. Crewe Advisors LLC purchased a new position in shares of Pacer Trendpilot US Large Cap ETF in the fourth quarter worth $38,000. Empowered Funds LLC purchased a new position in shares of Pacer Trendpilot US Large Cap ETF in the fourth quarter worth $96,000. Finally, First Horizon Advisors Inc. purchased a new position in shares of Pacer Trendpilot US Large Cap ETF in the fourth quarter worth $169,000.
Pacer Trendpilot US Large Cap ETF Stock Down 1.1 %
PTLC stock opened at $52.52 on Friday. The business has a fifty day simple moving average of $54.36 and a two-hundred day simple moving average of $53.58. The stock has a market capitalization of $3.38 billion, a PE ratio of 27.36 and a beta of 0.59.
About Pacer Trendpilot US Large Cap ETF
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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