Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) Hits New 12-Month High – Here’s Why

Pacer Trendpilot 100 ETF (NASDAQ:PTNQ)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $76.81 and last traded at $76.81, with a volume of 2074 shares traded. The stock had previously closed at $76.12.

Pacer Trendpilot 100 ETF Price Performance

The business has a 50-day simple moving average of $74.62 and a two-hundred day simple moving average of $72.67. The stock has a market cap of $1.39 billion, a price-to-earnings ratio of 35.78 and a beta of 0.68.

Institutional Trading of Pacer Trendpilot 100 ETF

Several large investors have recently made changes to their positions in PTNQ. Atria Wealth Solutions Inc. grew its holdings in shares of Pacer Trendpilot 100 ETF by 38.7% during the 2nd quarter. Atria Wealth Solutions Inc. now owns 157,050 shares of the company’s stock valued at $11,322,000 after purchasing an additional 43,817 shares during the last quarter. LPL Financial LLC lifted its holdings in shares of Pacer Trendpilot 100 ETF by 3.1% during the second quarter. LPL Financial LLC now owns 1,274,134 shares of the company’s stock worth $91,852,000 after purchasing an additional 38,671 shares during the period. ODonnell Financial Services LLC grew its stake in shares of Pacer Trendpilot 100 ETF by 18.0% in the second quarter. ODonnell Financial Services LLC now owns 208,299 shares of the company’s stock worth $15,016,000 after purchasing an additional 31,813 shares during the last quarter. Ameritas Advisory Services LLC acquired a new stake in Pacer Trendpilot 100 ETF in the second quarter valued at $2,221,000. Finally, CoreCap Advisors LLC bought a new position in Pacer Trendpilot 100 ETF during the 2nd quarter worth $2,068,000.

Pacer Trendpilot 100 ETF Company 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.