Financial Advocates Investment Management Has $4.45 Million Stock Position in Pacer Trendpilot 100 ETF (NASDAQ:PTNQ)

Financial Advocates Investment Management raised its holdings in Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) by 0.7% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 60,730 shares of the company’s stock after acquiring an additional 443 shares during the period. Financial Advocates Investment Management’s holdings in Pacer Trendpilot 100 ETF were worth $4,453,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PTNQ. Concourse Financial Group Securities Inc. acquired a new stake in Pacer Trendpilot 100 ETF in the 1st quarter valued at approximately $27,000. Ridgewood Investments LLC acquired a new stake in shares of Pacer Trendpilot 100 ETF during the 2nd quarter worth approximately $40,000. PSI Advisors LLC grew its holdings in shares of Pacer Trendpilot 100 ETF by 69.5% during the 2nd quarter. PSI Advisors LLC now owns 1,158 shares of the company’s stock worth $83,000 after purchasing an additional 475 shares in the last quarter. NBC Securities Inc. grew its holdings in shares of Pacer Trendpilot 100 ETF by 17.2% during the 3rd quarter. NBC Securities Inc. now owns 2,468 shares of the company’s stock worth $180,000 after purchasing an additional 363 shares in the last quarter. Finally, Tyche Wealth Partners LLC acquired a new stake in shares of Pacer Trendpilot 100 ETF during the 3rd quarter worth approximately $202,000.

Pacer Trendpilot 100 ETF Trading Down 0.4 %

Shares of NASDAQ:PTNQ opened at $73.98 on Thursday. Pacer Trendpilot 100 ETF has a 1-year low of $60.68 and a 1-year high of $74.45. The firm has a market capitalization of $1.34 billion, a PE ratio of 35.78 and a beta of 0.68. The business’s 50 day moving average is $72.64 and its 200-day moving average is $71.20.

About Pacer Trendpilot 100 ETF

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.