Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) Sets New 1-Year High – Should You Buy?

Pacer Trendpilot 100 ETF (NASDAQ:PTNQGet Free Report)’s stock price reached a new 52-week high on Monday . The stock traded as high as $85.94 and last traded at $85.94, with a volume of 2624 shares changing hands. The stock had previously closed at $85.69.

Pacer Trendpilot 100 ETF Stock Performance

The company has a fifty day moving average of $76.85 and a two-hundred day moving average of $78.40. The company has a market cap of $1.33 billion, a PE ratio of 33.04 and a beta of 0.63.

Institutional Trading of Pacer Trendpilot 100 ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bryn Mawr Trust Advisors LLC purchased a new stake in Pacer Trendpilot 100 ETF during the 3rd quarter valued at $1,675,000. HighTower Advisors LLC raised its holdings in Pacer Trendpilot 100 ETF by 16.2% during the 3rd quarter. HighTower Advisors LLC now owns 88,636 shares of the company’s stock valued at $6,872,000 after buying an additional 12,371 shares during the period. Geneos Wealth Management Inc. raised its holdings in Pacer Trendpilot 100 ETF by 5.7% during the 4th quarter. Geneos Wealth Management Inc. now owns 179,275 shares of the company’s stock valued at $14,100,000 after buying an additional 9,693 shares during the period. CFS Investment Advisory Services LLC raised its holdings in Pacer Trendpilot 100 ETF by 52.9% during the 3rd quarter. CFS Investment Advisory Services LLC now owns 11,394 shares of the company’s stock valued at $908,000 after buying an additional 3,944 shares during the period. Finally, Stewardship Concepts Financial Services LLC purchased a new stake in Pacer Trendpilot 100 ETF during the 4th quarter valued at $378,000.

Pacer Trendpilot 100 ETF Company Profile

(Get Free Report)

The Pacer Trendpilot 100 ETF (PTNQ) is an exchange-traded fund that is based on the Pacer NASDAQ-100 Trendpilot index. The fund tracks an index that holds the NASDAQ-100 securities and/or 3-month US T-bills according to momentum. PTNQ was launched on Jun 11, 2015 and is managed by Pacer.

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