Pacer Trendpilot US Large Cap ETF (BATS:PTLC) Sets New 12-Month High – What’s Next?

Shares of Pacer Trendpilot US Large Cap ETF (BATS:PTLC) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $60.68 and last traded at $60.67, with a volume of 13383 shares changing hands. The stock had previously closed at $60.22.

Pacer Trendpilot US Large Cap ETF Stock Up 0.6%

The company has a market capitalization of $3.97 billion, a PE ratio of 25.78 and a beta of 0.60. The company has a 50-day moving average price of $58.28 and a two-hundred day moving average price of $56.56.

Hedge Funds Weigh In On Pacer Trendpilot US Large Cap ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PTLC. Ancora Advisors LLC purchased a new position in shares of Pacer Trendpilot US Large Cap ETF during the third quarter worth approximately $57,000. Sankala Group LLC bought a new position in Pacer Trendpilot US Large Cap ETF in the 4th quarter worth $77,000. Realta Investment Advisors increased its position in shares of Pacer Trendpilot US Large Cap ETF by 179.9% during the first quarter. Realta Investment Advisors now owns 1,528 shares of the company’s stock valued at $80,000 after buying an additional 982 shares during the period. Root Financial Partners LLC purchased a new position in shares of Pacer Trendpilot US Large Cap ETF during the fourth quarter valued at about $136,000. Finally, Castle Rock Wealth Management LLC bought a new position in Pacer Trendpilot US Large Cap ETF in the second quarter worth about $217,000.

About Pacer Trendpilot US Large Cap ETF

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.