Sequoia Financial Advisors LLC Buys New Position in Pacer WealthShield ETF $PWS

Sequoia Financial Advisors LLC purchased a new position in Pacer WealthShield ETF (BATS:PWS) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 1,431,215 shares of the company’s stock, valued at approximately $46,968,000. Sequoia Financial Advisors LLC owned 168.38% of Pacer WealthShield ETF at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of PWS. Baird Financial Group Inc. purchased a new stake in shares of Pacer WealthShield ETF in the 2nd quarter worth $32,715,000. Teamwork Financial Advisors LLC purchased a new position in Pacer WealthShield ETF during the second quarter valued at $16,361,000. Anson Capital Inc. purchased a new position in Pacer WealthShield ETF during the second quarter valued at $4,987,000. First PREMIER Bank bought a new stake in Pacer WealthShield ETF during the second quarter valued at about $3,666,000. Finally, Investor s Fiduciary Advisor Network LLC bought a new stake in Pacer WealthShield ETF during the second quarter valued at about $3,534,000.

Pacer WealthShield ETF Stock Down 0.6%

Shares of PWS opened at $32.82 on Thursday. The business has a 50-day simple moving average of $32.91 and a two-hundred day simple moving average of $32.41. The stock has a market cap of $27.90 million, a price-to-earnings ratio of 23.24 and a beta of 0.55. Pacer WealthShield ETF has a 52 week low of $31.18 and a 52 week high of $33.83.

About Pacer WealthShield ETF

The Pacer WealthShield ETF (PWS) is an exchange-traded fund that is based on the Pacer WealthShield index. The fund tracks an index that toggles between equity and Treasurys, or a combination of both, on a monthly basis depending on monthly moving averages. PWS was launched on Dec 11, 2017 and is managed by Pacer.