NewEdge Advisors LLC Sells 35,287 Shares of Pacer Trendpilot 100 ETF $PTNQ

NewEdge Advisors LLC trimmed its position in shares of Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) by 23.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 118,237 shares of the company’s stock after selling 35,287 shares during the quarter. NewEdge Advisors LLC owned approximately 0.76% of Pacer Trendpilot 100 ETF worth $8,627,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. UBS Group AG boosted its position in Pacer Trendpilot 100 ETF by 2.8% during the fourth quarter. UBS Group AG now owns 256,991 shares of the company’s stock worth $20,212,000 after acquiring an additional 7,090 shares during the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of Pacer Trendpilot 100 ETF in the 1st quarter worth $2,682,000. Rockefeller Capital Management L.P. increased its stake in shares of Pacer Trendpilot 100 ETF by 18.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 105,316 shares of the company’s stock worth $8,283,000 after acquiring an additional 16,466 shares during the last quarter. Kestra Advisory Services LLC raised its holdings in shares of Pacer Trendpilot 100 ETF by 26.7% during the 1st quarter. Kestra Advisory Services LLC now owns 69,636 shares of the company’s stock worth $5,081,000 after acquiring an additional 14,691 shares during the period. Finally, HighTower Advisors LLC raised its holdings in shares of Pacer Trendpilot 100 ETF by 12.4% during the 4th quarter. HighTower Advisors LLC now owns 99,637 shares of the company’s stock worth $7,836,000 after acquiring an additional 11,001 shares during the period.

Pacer Trendpilot 100 ETF Stock Performance

PTNQ stock opened at $82.48 on Friday. Pacer Trendpilot 100 ETF has a one year low of $71.25 and a one year high of $90.15. The firm has a market cap of $1.20 billion, a PE ratio of 33.04 and a beta of 0.65. The firm’s 50 day moving average price is $86.35 and its 200-day moving average price is $81.23.

Pacer Trendpilot 100 ETF Profile

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.