SCHEDULE 13G/A: Pacer Funds and Affiliates Update Qorvo, Inc. Stake to 0% in Amended SEC Filing
Beneficial Ownership Disclosure
Pacer Funds Trust, Pacer Advisors, Inc., and Joe M. Thomson filed an amended Schedule 13G, reporting their beneficial ownership in Qorvo, Inc. common stock as 0% of the outstanding class.
Summary
- The filing is an Amendment No. 1 to a Schedule 13G, indicating an update to a previous beneficial ownership report for Qorvo, Inc. (Issuer).
- The reporting persons include Pacer US Cash Cows 100 ETF, Pacer US Small Cap Cash Cows ETF, Pacer Data and Digital Revolution ETF, Pacer US Small Cap Cash Cows Growth Leaders ETF, Pacer MSCI World Industry Advantage ETF (collectively, the Funds), Pacer Advisors, Inc. (the Adviser), and Joe M. Thomson.
- Collectively, the Funds directly own 3,058 shares of Qorvo, Inc. common stock.
- Pacer Advisors, Inc. and Joe M. Thomson are deemed to have shared voting and dispositive power over these 3,058 shares.
- Despite the ownership of 3,058 shares, the aggregate beneficial ownership for each reporting person and the group represents 0% of Qorvo, Inc.'s common stock.
- This percentage is calculated based on 93,559,000 shares of common stock issued and outstanding as of December 31, 2024.
- Pacer Advisors, Inc. and Joe M. Thomson explicitly disclaim beneficial ownership of the shares held by the Funds.
Sentiment
Score: 5
Explanation: The document is a neutral, factual disclosure of beneficial ownership, indicating a non-significant stake (0% of the class) by the reporting group. It contains no positive or negative operational or financial news.
Future Outlook
NA
Industry Context
This filing is a routine regulatory disclosure of beneficial ownership, specifically indicating that a group of investment funds and their affiliates hold a non-significant stake (0% of the class) in Qorvo, Inc. It does not provide insights into broader industry trends or competitive dynamics.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Joint Filing Agreement | The reporting persons (Pacer Funds Trust, Pacer Advisors, Inc., and Joe M. Thomson) have entered into a Joint Filing Agreement to file this Schedule 13G jointly in accordance with Rule 13d-1(k) of the Securities Exchange Act of 1934. | 05/02/2025 | This agreement streamlines the reporting process for the affiliated entities and ensures compliance with SEC regulations for group filings. |
Stakeholder Impact
- Shareholders: Minimal direct impact, as the filing indicates a non-significant beneficial ownership stake (0% of the class) by the reporting group, suggesting no immediate change in control or significant investor influence.
Key Dates
| Date | Description |
|---|---|
| 03/31/2025 | Date of event which required the filing of this statement |
| 05/02/2025 | Date of filing this Schedule 13G Amendment and Joint Filing Agreement |
Keywords
Qorvo Inc., SEC filing, Schedule 13G, beneficial ownership, Pacer Funds Trust, Pacer Advisors Inc., common stock, investment funds, ownership disclosure
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