Pacer Pacific Asset Floating Rate High Income ETF
FLRT

$47.83

0.06%

Market Cap: $380M

0

Funds holding %

of 6,710 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

250% more repeat investments, than reductions

Existing positions increased: 35 | Existing positions reduced: 10

167% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 6

34% more capital invested

Capital invested by funds: $134M [Q1] → $180M (+$46.2M) [Q2]

17% more funds holding

Funds holding: 58 [Q1] → 68 (+10) [Q2]

0% more funds holding in top 10

Funds holding in top 10: 2 [Q1] → 2 (+0) [Q2]

7.87% less ownership

Funds ownership: 63.52% [Q1] → 55.65% (-7.87%) [Q2]

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Research analyst outlook

We haven’t received any recent analyst ratings for FLRT.

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Financial journalist opinion

FLRT: No Longer An Attractive Entry Point (Rating Downgrade)

Pacer Pacific Asset Floating Rate High Income ETF has delivered outstanding results since our initial coverage of the name. FLRT is a low-duration instrument with a collateral pool consisting of leveraged loans and CLOs. The fund contains embedded leverage in the form of BB-rated CLO tranches, making it riskier compared to simple leveraged loan funds.

FLRT: No Longer An Attractive Entry Point (Rating Downgrade)

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