Pacer Trendpilot International ETF (NYSEARCA:PTIN) Shares Sold by Magnolia Capital Advisors LLC

Magnolia Capital Advisors LLC lowered its position in Pacer Trendpilot International ETF (NYSEARCA:PTIN) by 2.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 55,776 shares of the company’s stock after selling 1,634 shares during the period. Pacer Trendpilot International ETF comprises approximately 1.1% of Magnolia Capital Advisors LLC’s holdings, making the stock its 26th largest position. Magnolia Capital Advisors LLC owned about 1.13% of Pacer Trendpilot International ETF worth $1,533,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in PTIN. Clarus Group Inc. lifted its position in shares of Pacer Trendpilot International ETF by 121.1% during the 4th quarter. Clarus Group Inc. now owns 80,466 shares of the company’s stock valued at $2,218,000 after acquiring an additional 44,071 shares during the period. Stratos Wealth Partners LTD. acquired a new stake in shares of Pacer Trendpilot International ETF during the 4th quarter valued at approximately $542,000. Atria Wealth Solutions Inc. acquired a new stake in shares of Pacer Trendpilot International ETF during the 3rd quarter valued at approximately $320,000. Avantax Advisory Services Inc. acquired a new stake in shares of Pacer Trendpilot International ETF during the 3rd quarter valued at approximately $257,000. Finally, Raymond James Financial Services Advisors Inc. lifted its position in shares of Pacer Trendpilot International ETF by 0.5% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 755,958 shares of the company’s stock valued at $19,708,000 after acquiring an additional 3,633 shares during the period.

Pacer Trendpilot International ETF Price Performance

Shares of PTIN stock traded down $0.09 during midday trading on Wednesday, reaching $28.33. 7,615 shares of the company traded hands, compared to its average volume of 13,456. The firm’s 50 day simple moving average is $28.52 and its two-hundred day simple moving average is $27.27. Pacer Trendpilot International ETF has a 1-year low of $24.78 and a 1-year high of $29.30. The firm has a market cap of $151.56 million, a PE ratio of 13.88 and a beta of 0.82.

About Pacer Trendpilot International ETF

The Pacer Trendpilot International ETF (PTIN) is an exchange-traded fund that is based on the Pacer Trendpilot International index. The fund tracks an index that allocates to a proprietary ex-US Large-Cap Index and\u002For 3-month US T-bills, according to momentum. PTIN was launched on May 2, 2019 and is managed by Pacer.