Raymond James Financial Inc. Invests $722,000 in Pacer Trendpilot Fund of Funds ETF (NYSEARCA:TRND)

Raymond James Financial Inc. bought a new position in shares of Pacer Trendpilot Fund of Funds ETF (NYSEARCA:TRND) during the 4th quarter, Holdings Channel reports. The institutional investor bought 22,224 shares of the company’s stock, valued at approximately $722,000.

Separately, Kestra Investment Management LLC purchased a new position in Pacer Trendpilot Fund of Funds ETF in the fourth quarter valued at approximately $67,000.

Pacer Trendpilot Fund of Funds ETF Trading Down 2.8 %

TRND stock opened at $30.83 on Friday. The stock has a market cap of $53.95 million, a P/E ratio of 20.60 and a beta of 0.50. Pacer Trendpilot Fund of Funds ETF has a twelve month low of $30.15 and a twelve month high of $34.44. The company’s 50 day moving average is $32.89 and its two-hundred day moving average is $33.25.

Pacer Trendpilot Fund of Funds ETF Company 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%.