Royal Bank of Canada lifted its position in shares of Pacer Trendpilot Fund of Funds ETF (NYSEARCA:TRND – Free Report) by 1,244.1% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 17,877 shares of the company’s stock after buying an additional 16,547 shares during the quarter. Royal Bank of Canada’s holdings in Pacer Trendpilot Fund of Funds ETF were worth $591,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in TRND. Retirement Planning Group LLC purchased a new stake in Pacer Trendpilot Fund of Funds ETF in the 1st quarter valued at about $2,206,000. Raymond James Financial Inc. boosted its position in shares of Pacer Trendpilot Fund of Funds ETF by 31.9% in the second quarter. Raymond James Financial Inc. now owns 110,740 shares of the company’s stock worth $3,537,000 after acquiring an additional 26,799 shares during the last quarter. Gaddis Premier Wealth Advisors LLC purchased a new stake in Pacer Trendpilot Fund of Funds ETF in the fourth quarter valued at approximately $654,000. Prospera Financial Services Inc increased its position in Pacer Trendpilot Fund of Funds ETF by 100.0% during the fourth quarter. Prospera Financial Services Inc now owns 19,397 shares of the company’s stock worth $653,000 after purchasing an additional 9,700 shares during the last quarter. Finally, Ausdal Financial Partners Inc. acquired a new position in Pacer Trendpilot Fund of Funds ETF during the third quarter worth approximately $275,000.
Pacer Trendpilot Fund of Funds ETF Stock Down 0.5%
NYSEARCA:TRND opened at $37.13 on Tuesday. The company has a market cap of $63.12 million, a P/E ratio of 15.57 and a beta of 0.52. The firm’s 50 day moving average is $36.88 and its two-hundred day moving average is $35.63. Pacer Trendpilot Fund of Funds ETF has a fifty-two week low of $30.59 and a fifty-two week high of $38.11.
Pacer Trendpilot Fund of Funds ETF Profile
The Pacer Trendpilot Fund of Funds ETF (TRND) is an exchange-traded fund that is based on the Pacer Trendpilot Fund of Funds index. TRND, a fund of funds, provides exposure to large- and mid-cap companies in developed markets including the US. Its underlying funds use momentum to toggle to cash at 50% or 100%. TRND was launched on May 3, 2019 and is managed by Pacer.
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Want to see what other hedge funds are holding TRND? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pacer Trendpilot Fund of Funds ETF (NYSEARCA:TRND – Free Report).
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