Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) Stock Price Breaks Below 200-Day Moving Average – Here’s What Happened

Shares of Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $83.16 and traded as low as $82.47. Pacer Trendpilot 100 ETF shares last traded at $83.15, with a volume of 15,531 shares trading hands.

Pacer Trendpilot 100 ETF Stock Down 3.5%

The stock has a market cap of $1.17 billion, a price-to-earnings ratio of 33.04 and a beta of 0.65. The stock’s 50 day moving average price is $87.41 and its two-hundred day moving average price is $83.16.

Institutional Investors Weigh In On Pacer Trendpilot 100 ETF

Hedge funds have recently added to or reduced their stakes in the business. NewEdge Advisors LLC raised its position in shares of Pacer Trendpilot 100 ETF by 3.2% in the second quarter. NewEdge Advisors LLC now owns 158,702 shares of the company’s stock worth $14,069,000 after acquiring an additional 4,984 shares during the period. Bullock Wealth Management Group boosted its stake in shares of Pacer Trendpilot 100 ETF by 16.4% during the 3rd quarter. Bullock Wealth Management Group now owns 115,878 shares of the company’s stock worth $10,368,000 after acquiring an additional 16,286 shares in the last quarter. Kestra Advisory Services LLC boosted its stake in shares of Pacer Trendpilot 100 ETF by 26.7% during the 1st quarter. Kestra Advisory Services LLC now owns 69,636 shares of the company’s stock worth $5,081,000 after acquiring an additional 14,691 shares in the last quarter. Private Advisor Group LLC grew its position in shares of Pacer Trendpilot 100 ETF by 1.1% during the 1st quarter. Private Advisor Group LLC now owns 51,761 shares of the company’s stock valued at $3,776,000 after acquiring an additional 569 shares during the period. Finally, Empirical Finance LLC acquired a new stake in shares of Pacer Trendpilot 100 ETF during the 1st quarter valued at about $3,455,000.

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.