Stegent Equity Advisors Inc. has acquired a significant stake in the Pacer Trendpilot International ETF (NYSEARCA: PTIN) during the first quarter of 2023. According to its recent filing with the Securities and Exchange Commission, the firm purchased 6,889 shares valued at approximately $202,000. This investment reflects a growing interest in the ETF, which tracks a proprietary index that allocates between a large-cap international equity index and U.S. Treasury bills based on momentum.
In addition to Stegent’s investment, several major financial institutions have also increased their holdings in the Pacer Trendpilot International ETF. Notably, LPL Financial LLC raised its position by 3.1% during the fourth quarter, now owning 504,107 shares worth $13,989,000 after acquiring an additional 15,053 shares. Wells Fargo & Company MN also reported a 7.8% increase, bringing its total to 409,556 shares valued at $11,365,000 following the purchase of 29,797 additional shares.
Cetera Investment Advisers slightly increased its stake by 0.5%, now holding 381,933 shares worth $10,599,000. Raymond James Financial Inc. entered the ETF market with a new stake valued at approximately $7,623,000. Additionally, Ameriprise Financial Inc. boosted its holdings by 18.6%, now possessing 98,878 shares valued at $2,744,000 after acquiring an extra 15,536 shares.
As of the latest trading session, the Pacer Trendpilot International ETF opened at $28.97, showing a slight decline of 0.1%. The ETF’s current price is supported by a 50-day moving average of $28.23 and a 200-day moving average of $28.62. Over the past year, the ETF has seen a low of $26.14 and a high of $31.31, contributing to a market capitalization of $160.78 million. Its price-to-earnings ratio stands at 16.15, with a beta of 0.44, indicating lower volatility compared to the broader market.
The Pacer Trendpilot International ETF, launched on May 2, 2019, is designed to provide a strategic approach to investing in international markets while mitigating risk through its unique asset allocation strategy. As investor interest continues to grow, the ETF remains a focal point for institutions looking to diversify their portfolios.
For more detailed insights into the investments surrounding the Pacer Trendpilot International ETF, interested parties can explore resources such as HoldingsChannel.com for the latest 13F filings and insider trades.
