Pacer Data & Infrastructure Real Estate ETF (NYSEARCA:SRVR) Shares Down 0.7% – Here’s What Happened

by · The Cerbat Gem

Pacer Data & Infrastructure Real Estate ETF (NYSEARCA:SRVR – Get Free Report)’s stock price dropped 0.7% during mid-day trading on Wednesday . The company traded as low as $30.67 and last traded at $30.72. 27,132 shares traded hands during mid-day trading, a decline of 75% from the average daily volume of 106,800 shares. The stock had previously closed at $30.93.

Pacer Data & Infrastructure Real Estate ETF Stock Down 0.7%

The stock has a market capitalization of $370.18 million, a P/E ratio of 41.56 and a beta of 0.99. The firm has a 50 day simple moving average of $31.22 and a two-hundred day simple moving average of $32.64.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Ameriprise Financial Inc. increased its stake in shares of Pacer Data & Infrastructure Real Estate ETF by 2.1% in the third quarter. Ameriprise Financial Inc. now owns 1,150,694 shares of the company’s stock valued at $36,449,000 after buying an additional 23,764 shares during the period. Foster & Motley Inc. acquired a new position in shares of Pacer Data & Infrastructure Real Estate ETF in the 2nd quarter valued at about $12,558,000. Finally, Invenio Wealth Partners LLC grew its position in shares of Pacer Data & Infrastructure Real Estate ETF by 5.7% during the 3rd quarter. Invenio Wealth Partners LLC now owns 51,841 shares of the company’s stock worth $1,642,000 after buying an additional 2,793 shares during the period.

Pacer Data & Infrastructure Real Estate ETF Company Profile

(Get Free Report)

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.

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