Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) Reaches New 12-Month High – What’s Next?

Pacer Trendpilot 100 ETF (NASDAQ:PTNQGet Free Report) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $82.22 and last traded at $82.10, with a volume of 14088 shares traded. The stock had previously closed at $81.06.

Pacer Trendpilot 100 ETF Trading Up 1.4%

The stock has a 50-day simple moving average of $76.51 and a 200 day simple moving average of $78.28. The company has a market cap of $1.27 billion, a price-to-earnings ratio of 33.04 and a beta of 0.63.

Hedge Funds Weigh In On Pacer Trendpilot 100 ETF

A number of institutional investors have recently modified their holdings of PTNQ. Motiv8 Investments LLC purchased a new position in shares of Pacer Trendpilot 100 ETF during the 4th quarter valued at about $35,000. Farther Finance Advisors LLC purchased a new position in shares of Pacer Trendpilot 100 ETF during the 4th quarter valued at about $40,000. Arax Advisory Partners purchased a new position in shares of Pacer Trendpilot 100 ETF during the 4th quarter valued at about $40,000. Flagship Harbor Advisors LLC purchased a new position in shares of Pacer Trendpilot 100 ETF during the 4th quarter valued at about $55,000. Finally, Realta Investment Advisors purchased a new position in shares of Pacer Trendpilot 100 ETF during the 1st quarter valued at about $55,000.

About Pacer Trendpilot 100 ETF

(Get Free Report)

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.

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