United Community Bank Invests $40,000 in Pacer American Energy Independence ETF (NYSEARCA:USAI)

United Community Bank acquired a new stake in Pacer American Energy Independence ETF (NYSEARCA:USAI) in the fourth quarter, HoldingsChannel reports. The firm acquired 1,000 shares of the company’s stock, valued at approximately $40,000.

Separately, Kingswood Wealth Advisors LLC bought a new position in Pacer American Energy Independence ETF during the 4th quarter worth approximately $339,000.

Pacer American Energy Independence ETF Stock Performance

Pacer American Energy Independence ETF stock opened at $38.63 on Monday. Pacer American Energy Independence ETF has a 52-week low of $30.36 and a 52-week high of $43.98. The firm has a 50 day moving average price of $41.04 and a two-hundred day moving average price of $38.73. The firm has a market cap of $88.85 million, a price-to-earnings ratio of 18.20 and a beta of 1.39.

Pacer American Energy Independence ETF Company Profile

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.