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

Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $78.71 and last traded at $78.64, with a volume of 35601 shares traded. The stock had previously closed at $77.88.

Pacer Trendpilot 100 ETF Stock Up 1.0%

The company has a market capitalization of $1.30 billion, a P/E ratio of 33.04 and a beta of 0.68. The business has a 50 day simple moving average of $74.97 and a 200-day simple moving average of $71.09.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. J.W. Cole Advisors Inc. grew its stake in shares of Pacer Trendpilot 100 ETF by 0.8% in the second quarter. J.W. Cole Advisors Inc. now owns 18,676 shares of the company’s stock worth $1,333,000 after purchasing an additional 157 shares in the last quarter. Stratos Wealth Partners LTD. lifted its holdings in Pacer Trendpilot 100 ETF by 0.8% in the second quarter. Stratos Wealth Partners LTD. now owns 19,743 shares of the company’s stock worth $1,409,000 after purchasing an additional 164 shares during the period. DAVENPORT & Co LLC lifted its holdings in Pacer Trendpilot 100 ETF by 2.1% in the second quarter. DAVENPORT & Co LLC now owns 8,344 shares of the company’s stock worth $596,000 after purchasing an additional 175 shares during the period. PFG Advisors grew its position in Pacer Trendpilot 100 ETF by 1.0% in the 1st quarter. PFG Advisors now owns 19,251 shares of the company’s stock valued at $1,367,000 after buying an additional 182 shares in the last quarter. Finally, FSA Wealth Partners Inc. grew its position in Pacer Trendpilot 100 ETF by 0.9% in the 2nd quarter. FSA Wealth Partners Inc. now owns 22,791 shares of the company’s stock valued at $1,627,000 after buying an additional 208 shares in the last quarter.

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.