Sovereign Financial Group Inc. Buys Shares of 4,811 Pacer Trendpilot 100 ETF (NASDAQ:PTNQ)

Sovereign Financial Group Inc. bought a new position in Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,811 shares of the company’s stock, valued at approximately $314,000.

Several other large investors also recently made changes to their positions in PTNQ. B. Riley Wealth Advisors Inc. raised its stake in shares of Pacer Trendpilot 100 ETF by 0.7% during the third quarter. B. Riley Wealth Advisors Inc. now owns 21,480 shares of the company’s stock valued at $1,320,000 after purchasing an additional 158 shares in the last quarter. J.W. Cole Advisors Inc. raised its position in shares of Pacer Trendpilot 100 ETF by 2.4% during the 4th quarter. J.W. Cole Advisors Inc. now owns 8,499 shares of the company’s stock worth $555,000 after buying an additional 200 shares in the last quarter. Kestra Advisory Services LLC raised its position in shares of Pacer Trendpilot 100 ETF by 2.1% during the 3rd quarter. Kestra Advisory Services LLC now owns 12,113 shares of the company’s stock worth $744,000 after buying an additional 247 shares in the last quarter. XML Financial LLC lifted its stake in shares of Pacer Trendpilot 100 ETF by 1.9% in the 3rd quarter. XML Financial LLC now owns 14,812 shares of the company’s stock worth $910,000 after acquiring an additional 271 shares during the period. Finally, Capital Asset Advisory Services LLC boosted its holdings in shares of Pacer Trendpilot 100 ETF by 2.5% in the fourth quarter. Capital Asset Advisory Services LLC now owns 12,616 shares of the company’s stock valued at $824,000 after acquiring an additional 311 shares in the last quarter.

Pacer Trendpilot 100 ETF Price Performance

Shares of NASDAQ PTNQ traded down $0.01 during mid-day trading on Tuesday, reaching $68.47. 38,386 shares of the company traded hands, compared to its average volume of 58,113. The firm has a market cap of $1.21 billion, a PE ratio of 34.73 and a beta of 0.68. Pacer Trendpilot 100 ETF has a fifty-two week low of $55.01 and a fifty-two week high of $69.10. The stock has a fifty day simple moving average of $68.06 and a 200-day simple moving average of $66.17.

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.