Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) Sees Large Volume Increase – Time to Buy?

Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) saw unusually-strong trading volume on Tuesday . Approximately 36,177 shares changed hands during mid-day trading, a decline of 29% from the previous session’s volume of 50,719 shares.The stock last traded at $67.15 and had previously closed at $67.15.

Pacer Trendpilot 100 ETF Price Performance

The company has a market cap of $1.20 billion, a price-to-earnings ratio of 31.54 and a beta of 0.68. The business’s 50-day simple moving average is $72.73 and its 200-day simple moving average is $74.05.

Hedge Funds Weigh In On Pacer Trendpilot 100 ETF

Institutional investors have recently made changes to their positions in the stock. OLD Point Trust & Financial Services N A purchased a new stake in Pacer Trendpilot 100 ETF during the 4th quarter worth about $33,000. Kestra Investment Management LLC purchased a new stake in shares of Pacer Trendpilot 100 ETF during the fourth quarter worth about $38,000. Midwest Capital Advisors LLC purchased a new position in shares of Pacer Trendpilot 100 ETF during the fourth quarter valued at approximately $64,000. Aptus Capital Advisors LLC acquired a new stake in Pacer Trendpilot 100 ETF during the fourth quarter worth approximately $74,000. Finally, Noble Wealth Management PBC purchased a new stake in Pacer Trendpilot 100 ETF in the 4th quarter worth approximately $85,000.

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.