Stegent Equity Advisors Inc. Acquires New Stake in Pacer Trendpilot 100 ETF (NASDAQ:PTNQ)

Stegent Equity Advisors Inc. purchased a new position in shares of Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 14,725 shares of the company’s stock, valued at approximately $962,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PTNQ. DecisionPoint Financial LLC purchased a new stake in Pacer Trendpilot 100 ETF during the 3rd quarter worth about $46,000. NBC Securities Inc. purchased a new stake in Pacer Trendpilot 100 ETF in the 3rd quarter valued at approximately $129,000. Silver Oak Securities Incorporated purchased a new stake in shares of Pacer Trendpilot 100 ETF in the fourth quarter valued at approximately $205,000. Burns Matteson Capital Management LLC acquired a new position in Pacer Trendpilot 100 ETF during the fourth quarter worth $220,000. Finally, Strategic Financial Concepts LLC raised its position in Pacer Trendpilot 100 ETF by 17.8% in the third quarter. Strategic Financial Concepts LLC now owns 3,828 shares of the company’s stock worth $235,000 after acquiring an additional 578 shares in the last quarter.

Pacer Trendpilot 100 ETF Trading Down 0.8 %

Shares of PTNQ traded down $0.52 during trading hours on Tuesday, reaching $67.34. The company had a trading volume of 49,034 shares, compared to its average volume of 58,272. The firm has a 50 day simple moving average of $68.04 and a 200-day simple moving average of $65.93. Pacer Trendpilot 100 ETF has a 12-month low of $53.97 and a 12-month high of $69.10. The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of 34.73 and a beta of 0.68.

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.