Financial Advocates Investment Management Has $1.37 Million Stock Holdings in Pacer Trendpilot US Mid Cap ETF (BATS:PTMC)

Financial Advocates Investment Management cut its position in Pacer Trendpilot US Mid Cap ETF (BATS:PTMC) by 23.8% during the 3rd quarter, HoldingsChannel reports. The firm owned 36,971 shares of the company’s stock after selling 11,573 shares during the quarter. Financial Advocates Investment Management’s holdings in Pacer Trendpilot US Mid Cap ETF were worth $1,372,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of PTMC. Cetera Investment Advisers raised its holdings in Pacer Trendpilot US Mid Cap ETF by 4,181.1% in the first quarter. Cetera Investment Advisers now owns 379,263 shares of the company’s stock worth $13,665,000 after purchasing an additional 370,404 shares during the period. ODonnell Financial Services LLC raised its holdings in shares of Pacer Trendpilot US Mid Cap ETF by 18.6% during the second quarter. ODonnell Financial Services LLC now owns 473,852 shares of the company’s stock worth $16,488,000 after acquiring an additional 74,332 shares during the period. Envestnet Asset Management Inc. raised its holdings in shares of Pacer Trendpilot US Mid Cap ETF by 60.0% during the second quarter. Envestnet Asset Management Inc. now owns 71,887 shares of the company’s stock worth $2,501,000 after acquiring an additional 26,970 shares during the period. Concurrent Investment Advisors LLC acquired a new stake in shares of Pacer Trendpilot US Mid Cap ETF during the second quarter worth $418,000. Finally, NewEdge Advisors LLC raised its holdings in shares of Pacer Trendpilot US Mid Cap ETF by 11.2% during the second quarter. NewEdge Advisors LLC now owns 94,247 shares of the company’s stock worth $3,279,000 after acquiring an additional 9,498 shares during the period.

Pacer Trendpilot US Mid Cap ETF Stock Down 1.3 %

Shares of BATS:PTMC opened at $36.86 on Friday. Pacer Trendpilot US Mid Cap ETF has a 12 month low of $27.10 and a 12 month high of $32.86. The company’s fifty day simple moving average is $36.77 and its 200 day simple moving average is $35.67. The firm has a market cap of $418.36 million, a price-to-earnings ratio of 15.45 and a beta of 0.79.

About Pacer Trendpilot US Mid Cap ETF

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