Pacer American Energy Independence ETF (NYSEARCA:USAI) Shares Purchased by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. boosted its position in Pacer American Energy Independence ETF (NYSEARCA:USAI – Get Rating) by 164.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 38,022 shares of the company’s stock after acquiring an additional 23,646 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Pacer American Energy Independence ETF were worth $1,013,000 as of its most recent SEC filing.

Pacer American Energy Independence ETF Stock Performance

Shares of Pacer American Energy Independence ETF stock opened at $25.76 on Friday. The firm has a market cap of $47.65 million, a PE ratio of 16.73 and a beta of 1.39. The firm’s 50-day simple moving average is $25.81 and its 200-day simple moving average is $26.88. Pacer American Energy Independence ETF has a 1 year low of $23.92 and a 1 year high of $31.33.

About Pacer American Energy Independence ETF

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The Pacer American Energy Independence ETF (USAI) is an exchange-traded fund that is based on the American Energy Independence index. The fund tracks an index of US and Canadian MLPs involved in midstream energy infrastructure. USAI was launched on Dec 13, 2017 and is managed by Pacer.