Wed Sep 25 08:58:05 UTC 2024: ## Pacer Advisors Cuts Ford Stake by 92.4% in Q2

**New York, NY** – Investment firm Pacer Advisors Inc. significantly reduced its stake in Ford Motor Company (NYSE:F) during the second quarter, according to a recent SEC filing. The firm slashed its holdings by a staggering 92.4%, now owning only 279,002 shares of the automaker. This dramatic reduction in ownership suggests a shift in Pacer’s investment strategy regarding Ford, potentially driven by market conditions or a change in outlook for the company.

While the specific reasons for the divestment remain unclear, the move comes amid a challenging period for the automotive industry. Ford, like other manufacturers, is facing headwinds related to supply chain disruptions, rising inflation, and increasing competition from electric vehicle (EV) makers. The company has been working to transition its product portfolio towards EVs, but this strategy has been met with mixed results.

Pacer’s reduced investment in Ford serves as a potential indicator of the evolving investor sentiment towards the automaker. Analysts and investors will be closely watching Ford’s future performance and its progress in navigating the evolving automotive landscape.

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