Pacer Data & Infrastructure Real Estate ETF (NYSEARCA:SRVR) Trading Up 0.1% – Still a Buy?

Pacer Data & Infrastructure Real Estate ETF (NYSEARCA:SRVR) shares traded up 0.1% during mid-day trading on Monday . The stock traded as high as $29.70 and last traded at $29.68. 124,282 shares traded hands during trading, an increase of 68% from the average session volume of 73,779 shares. The stock had previously closed at $29.66.

Pacer Data & Infrastructure Real Estate ETF Trading Up 0.6 %

The company’s 50 day simple moving average is $31.31 and its 200-day simple moving average is $30.20. The firm has a market cap of $479.25 million, a P/E ratio of 31.73 and a beta of 0.94.

Institutional Investors Weigh In On Pacer Data & Infrastructure Real Estate ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in SRVR. Private Trust Co. NA lifted its holdings in shares of Pacer Data & Infrastructure Real Estate ETF by 550.0% during the 3rd quarter. Private Trust Co. NA now owns 1,950 shares of the company’s stock valued at $63,000 after buying an additional 1,650 shares during the period. Patron Partners LLC increased its position in Pacer Data & Infrastructure Real Estate ETF by 6.8% during the second quarter. Patron Partners LLC now owns 9,432 shares of the company’s stock valued at $258,000 after acquiring an additional 602 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV lifted its holdings in Pacer Data & Infrastructure Real Estate ETF by 0.8% in the third quarter. Creative Financial Designs Inc. ADV now owns 75,586 shares of the company’s stock valued at $2,429,000 after acquiring an additional 592 shares during the period.

About Pacer Data & Infrastructure Real Estate ETF

The Pacer Benchmark Data & Infrastructure Real Estate SCTR ETF (SRVR) is an exchange-traded fund that mostly invests in real estate equity. The fund tracks a market cap-weighted index of real estate companies from developed markets that are related to data and infrastructure. SRVR was launched on May 15, 2018 and is managed by Pacer.