Pacer Swan SOS Moderate (January) ETF (BATS:PSMD) Stock Price Up 1.9% – Still a Buy?

Pacer Swan SOS Moderate (January) ETF (BATS:PSMD) shares shot up 1.9% on Friday . The stock traded as high as $29.90 and last traded at $30.34. 4,955 shares traded hands during trading, a decline of 26% from the average session volume of 6,655 shares. The stock had previously closed at $29.77.

Pacer Swan SOS Moderate (January) ETF Stock Performance

The firm has a market cap of $87.97 million, a PE ratio of 25.75 and a beta of 0.47. The company’s 50-day simple moving average is $29.35 and its two-hundred day simple moving average is $29.14.

Institutional Investors Weigh In On Pacer Swan SOS Moderate (January) ETF

Several institutional investors have recently added to or reduced their stakes in the company. Kestra Advisory Services LLC boosted its position in Pacer Swan SOS Moderate (January) ETF by 7.9% during the 1st quarter. Kestra Advisory Services LLC now owns 368,849 shares of the company’s stock valued at $10,578,000 after buying an additional 27,133 shares during the period. Pacer Advisors Inc. lifted its position in shares of Pacer Swan SOS Moderate (January) ETF by 19.6% in the 1st quarter. Pacer Advisors Inc. now owns 2,448,997 shares of the company’s stock worth $70,230,000 after purchasing an additional 401,217 shares during the period. Avantax Advisory Services Inc. lifted its position in shares of Pacer Swan SOS Moderate (January) ETF by 33.0% in the 1st quarter. Avantax Advisory Services Inc. now owns 11,073 shares of the company’s stock worth $318,000 after purchasing an additional 2,750 shares during the period. Insight Wealth Strategies LLC bought a new stake in shares of Pacer Swan SOS Moderate (January) ETF during the 1st quarter valued at about $220,000. Finally, LPL Financial LLC increased its position in shares of Pacer Swan SOS Moderate (January) ETF by 29.5% during the fourth quarter. LPL Financial LLC now owns 14,028 shares of the company’s stock valued at $409,000 after buying an additional 3,193 shares during the period.

About Pacer Swan SOS Moderate (January) ETF

The Pacer Swan SOS Moderate (January) ETF (PSMD) is an exchange-traded fund that is based on the SPDR S&P 500 ETF Trust index. The fund aims for specific buffered losses and capped gains on SPDR S&P 500 ETF over a specific holdings period. The actively-managed fund holds options and collateral. PSMD was launched on Dec 22, 2020 and is managed by Pacer.