Meridian Wealth Advisors LLC Decreases Holdings in Pacer Trendpilot US Large Cap ETF $PTLC

Meridian Wealth Advisors LLC trimmed its stake in Pacer Trendpilot US Large Cap ETF (BATS:PTLC) by 0.9% during the second quarter, Holdings Channel reports. The fund owned 204,372 shares of the company’s stock after selling 1,862 shares during the period. Pacer Trendpilot US Large Cap ETF makes up approximately 1.6% of Meridian Wealth Advisors LLC’s portfolio, making the stock its 17th largest position. Meridian Wealth Advisors LLC’s holdings in Pacer Trendpilot US Large Cap ETF were worth $10,374,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. LPL Financial LLC increased its stake in shares of Pacer Trendpilot US Large Cap ETF by 38.2% during the 1st quarter. LPL Financial LLC now owns 4,819,492 shares of the company’s stock worth $247,963,000 after purchasing an additional 1,332,310 shares during the last quarter. Raymond James Financial Inc. grew its holdings in Pacer Trendpilot US Large Cap ETF by 17.5% during the first quarter. Raymond James Financial Inc. now owns 2,864,864 shares of the company’s stock valued at $147,397,000 after purchasing an additional 426,092 shares during the period. Sfmg LLC purchased a new stake in Pacer Trendpilot US Large Cap ETF in the second quarter worth $114,079,000. Commonwealth Equity Services LLC raised its stake in shares of Pacer Trendpilot US Large Cap ETF by 8.2% in the first quarter. Commonwealth Equity Services LLC now owns 1,457,052 shares of the company’s stock valued at $74,965,000 after buying an additional 110,982 shares during the period. Finally, Cetera Investment Advisers lifted its position in shares of Pacer Trendpilot US Large Cap ETF by 3.1% during the 1st quarter. Cetera Investment Advisers now owns 1,274,832 shares of the company’s stock valued at $65,590,000 after buying an additional 38,064 shares during the last quarter.

Pacer Trendpilot US Large Cap ETF Stock Performance

PTLC stock opened at $54.11 on Friday. The stock has a fifty day moving average of $55.01 and a 200-day moving average of $52.25. Pacer Trendpilot US Large Cap ETF has a fifty-two week low of $46.51 and a fifty-two week high of $55.90. The company has a market capitalization of $3.54 billion, a price-to-earnings ratio of 25.78 and a beta of 0.60.

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.