Pacer Trendpilot US Large Cap ETF (BATS:PTLC) Sets New 52-Week High – Time to Buy?

Pacer Trendpilot US Large Cap ETF (BATS:PTLC)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $56.98 and last traded at $56.97, with a volume of 82400 shares changing hands. The stock had previously closed at $56.33.

Pacer Trendpilot US Large Cap ETF Price Performance

The firm has a market cap of $3.74 billion, a PE ratio of 25.78 and a beta of 0.60. The business has a 50-day moving average price of $54.43 and a two-hundred day moving average price of $55.38.

Hedge Funds Weigh In On Pacer Trendpilot US Large Cap ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. lifted its holdings in shares of Pacer Trendpilot US Large Cap ETF by 8.7% in the first 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 in the last quarter. Jane Street Group LLC purchased a new position in shares of Pacer Trendpilot US Large Cap ETF during the 2nd quarter worth approximately $1,607,000. Camarda Financial Advisors LLC increased its stake in shares of Pacer Trendpilot US Large Cap ETF by 7.5% during the 2nd quarter. Camarda Financial Advisors LLC now owns 24,905 shares of the company’s stock worth $1,264,000 after purchasing an additional 1,737 shares in the last quarter. Vienna Asset Management LLC raised its position in shares of Pacer Trendpilot US Large Cap ETF by 36.1% during the 2nd quarter. Vienna Asset Management LLC now owns 108,772 shares of the company’s stock worth $5,521,000 after purchasing an additional 28,860 shares during the last quarter. Finally, Benjamin Edwards Inc. acquired a new position in shares of Pacer Trendpilot US Large Cap ETF during the 2nd quarter worth approximately $208,000.

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.