Pacer Aristotle Pacific Floating Rate High Income ETF (FLRT)
Pacer Aristotle Pacific Floating Rate High Income ETF operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in Malvern, PA, US. The stock last traded at $46.79, down 0.01% on the session, giving a market capitalisation of $631.3M. Its beta of 0.10 implies it has historically moved less than the broad market.
This exchange-traded fund (ETF) is structured to deliver a robust stream of current income, primarily through its investments in adjustable-rate loans from companies that do not hold an investment-grade credit rating. This approach provides the dual benefit of income generation and a protective measure against upward shifts in interest rates.
Pacer Aristotle Pacific Floating Rate High Income ETF is most often compared with the following Financial Services names: