Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) Hits New 1-Year High – Should You Buy?

Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) shares reached a new 52-week high on Monday . The stock traded as high as $75.76 and last traded at $75.75, with a volume of 8527 shares trading hands. The stock had previously closed at $75.34.

Pacer Trendpilot 100 ETF Stock Performance

The firm’s 50-day moving average price is $74.02 and its 200 day moving average price is $72.30. The company has a market cap of $1.37 billion, a price-to-earnings ratio of 35.78 and a beta of 0.68.

Institutional Trading of Pacer Trendpilot 100 ETF

A number of institutional investors have recently made changes to their positions in the business. Atria Wealth Solutions Inc. increased its position in Pacer Trendpilot 100 ETF by 38.7% during the second quarter. Atria Wealth Solutions Inc. now owns 157,050 shares of the company’s stock worth $11,322,000 after acquiring an additional 43,817 shares during the period. LPL Financial LLC boosted its stake in shares of Pacer Trendpilot 100 ETF by 3.1% in the second quarter. LPL Financial LLC now owns 1,274,134 shares of the company’s stock valued at $91,852,000 after buying an additional 38,671 shares during the period. ODonnell Financial Services LLC grew its holdings in shares of Pacer Trendpilot 100 ETF by 18.0% during the 2nd 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 in the last quarter. Ameritas Advisory Services LLC acquired a new position in Pacer Trendpilot 100 ETF in the second quarter valued at about $2,221,000. Finally, CoreCap Advisors LLC bought a new stake in Pacer Trendpilot 100 ETF during the second quarter worth about $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.