Pacer Trendpilot US Large Cap ETF (BATS:PTLC) Sets New 52-Week High – Time to Buy?

Pacer Trendpilot US Large Cap ETF (BATS:PTLC)’s share price reached a new 52-week high on Wednesday . The company traded as high as $56.98 and last traded at $56.97, with a volume of 82400 shares traded. The stock had previously closed at $56.33.

Pacer Trendpilot US Large Cap ETF Trading Up 1.4%

The firm has a 50 day simple moving average of $54.43 and a two-hundred day simple moving average of $55.38. The company has a market capitalization of $3.74 billion, a PE ratio of 25.78 and a beta of 0.60.

Hedge Funds Weigh In On Pacer Trendpilot US Large Cap ETF

Institutional investors have recently bought and sold shares of the company. Assetmark Inc. raised its position in Pacer Trendpilot US Large Cap ETF by 14.4% during the 1st quarter. Assetmark Inc. now owns 4,199 shares of the company’s stock worth $220,000 after buying an additional 527 shares during the last quarter. Independent Financial Group LLC purchased a new stake in shares of Pacer Trendpilot US Large Cap ETF in the first quarter valued at about $1,000,000. Gaddis Premier Wealth Advisors LLC boosted its holdings in shares of Pacer Trendpilot US Large Cap ETF by 0.8% in the first quarter. Gaddis Premier Wealth Advisors LLC now owns 105,654 shares of the company’s stock valued at $5,543,000 after acquiring an additional 849 shares in the last quarter. Sanctuary Advisors LLC increased its stake in shares of Pacer Trendpilot US Large Cap ETF by 2.0% during the first quarter. Sanctuary Advisors LLC now owns 88,432 shares of the company’s stock worth $4,639,000 after acquiring an additional 1,771 shares during the period. Finally, Retirement Planning Group LLC raised its holdings in Pacer Trendpilot US Large Cap ETF by 1,646.4% during the first quarter. Retirement Planning Group LLC now owns 115,766 shares of the company’s stock worth $6,073,000 after purchasing an additional 109,137 shares in the last quarter.

Pacer Trendpilot US Large Cap ETF Company Profile

The Pacer Trendpilot US Large Cap ETF (PTLC) is an exchange-traded fund that is based on the Pacer Trendpilot US Large Cap index. The fund tracks an index that allocates to a proprietary US large-cap index and\u002For 3-month US T-bills, according to momentum. PTLC was launched on Jun 11, 2015 and is managed by Pacer.