Pacer Trendpilot US Large Cap ETF (BATS:PTLC) Reaches New 12-Month High – Should You Buy?

Shares of Pacer Trendpilot US Large Cap ETF (BATS:PTLC) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $56.91 and last traded at $56.54, with a volume of 38069 shares trading hands. The stock had previously closed at $56.70.

Pacer Trendpilot US Large Cap ETF Price Performance

The firm has a market capitalization of $3.71 billion, a P/E ratio of 25.78 and a beta of 0.60. The stock’s fifty day simple moving average is $55.83 and its 200 day simple moving average is $54.12.

Institutional Trading of Pacer Trendpilot US Large Cap ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Goldman Sachs Group Inc. raised its position in shares of Pacer Trendpilot US Large Cap ETF by 8.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 16,147 shares of the company’s stock valued at $831,000 after purchasing an additional 1,291 shares during the last quarter. Belpointe Asset Management LLC lifted its holdings in Pacer Trendpilot US Large Cap ETF by 28.6% in the first quarter. Belpointe Asset Management LLC now owns 6,439 shares of the company’s stock valued at $333,000 after acquiring an additional 1,431 shares during the period. HBW Advisory Services LLC purchased a new stake in Pacer Trendpilot US Large Cap ETF during the second quarter worth $405,000. Silver Oak Securities Incorporated boosted its stake in shares of Pacer Trendpilot US Large Cap ETF by 3.9% during the 2nd quarter. Silver Oak Securities Incorporated now owns 17,091 shares of the company’s stock worth $868,000 after acquiring an additional 649 shares in the last quarter. Finally, Deane Retirement Strategies Inc. grew its holdings in Pacer Trendpilot US Large Cap ETF by 98,262.0% in the second quarter. Deane Retirement Strategies Inc. now owns 225,249 shares of the company’s stock valued at $11,431,000 after purchasing an additional 225,020 shares during the period.

Pacer Trendpilot US Large Cap ETF Company Profile

The Pacer Trendpilot US Large Cap ETF (PTLC) is an exchange-traded fund that is based on the Pacer Trendpilot US Large Cap index. The fund tracks an index that allocates to a proprietary US large-cap index and\u002For 3-month US T-bills, according to momentum. PTLC was launched on Jun 11, 2015 and is managed by Pacer.