Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) Sees Unusually-High Trading Volume – Time to Buy?

Shares of Pacer Trendpilot 100 ETF (NASDAQ:PTNQGet Free Report) saw an uptick in trading volume on Thursday . Approximately 224,249 shares traded hands during trading, an increase of 518% from the previous session’s volume of 36,279 shares.The stock last traded at $85.63 and had previously closed at $86.40.

Pacer Trendpilot 100 ETF Stock Performance

The firm’s 50-day moving average price is $86.06 and its two-hundred day moving average price is $81.98. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of 33.04 and a beta of 0.66.

Institutional Investors Weigh In On Pacer Trendpilot 100 ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. UBS Group AG grew its position in Pacer Trendpilot 100 ETF by 2.8% in the fourth quarter. UBS Group AG now owns 256,991 shares of the company’s stock valued at $20,212,000 after acquiring an additional 7,090 shares during the period. Ashton Thomas Securities LLC bought a new position in shares of Pacer Trendpilot 100 ETF during the first quarter valued at $2,682,000. Rockefeller Capital Management L.P. boosted its stake in shares of Pacer Trendpilot 100 ETF by 18.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 105,316 shares of the company’s stock valued at $8,283,000 after purchasing an additional 16,466 shares in the last quarter. Kestra Advisory Services LLC boosted its stake in shares of Pacer Trendpilot 100 ETF by 26.7% in the 1st quarter. Kestra Advisory Services LLC now owns 69,636 shares of the company’s stock valued at $5,081,000 after purchasing an additional 14,691 shares in the last quarter. Finally, Retirement Planning Group LLC bought a new stake in shares of Pacer Trendpilot 100 ETF in the 1st quarter worth about $572,000.

Pacer Trendpilot 100 ETF Company Profile

(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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