Pacer Trendpilot US Large Cap ETF (BATS:PTLC) Sets New 12-Month High – Time to Buy?

Shares of Pacer Trendpilot US Large Cap ETF (BATS:PTLC) hit a new 52-week high on Monday . The stock traded as high as $56.91 and last traded at $56.7290, with a volume of 38069 shares. The stock had previously closed at $56.70.

Pacer Trendpilot US Large Cap ETF Price Performance

The stock has a market cap of $3.71 billion, a P/E ratio of 25.78 and a beta of 0.60. The stock’s fifty day simple moving average is $55.76 and its 200-day simple moving average is $53.63.

Institutional Investors Weigh In On Pacer Trendpilot US Large Cap ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. SJS Investment Consulting Inc. acquired a new stake in shares of Pacer Trendpilot US Large Cap ETF in the second quarter worth $30,000. ORG Wealth Partners LLC bought a new stake in shares of Pacer Trendpilot US Large Cap ETF in the 3rd quarter valued at about $35,000. Wolff Wiese Magana LLC acquired a new stake in Pacer Trendpilot US Large Cap ETF during the 3rd quarter worth approximately $40,000. Burkett Financial Services LLC acquired a new stake in Pacer Trendpilot US Large Cap ETF in the 3rd quarter valued at approximately $41,000. Finally, Ancora Advisors LLC bought a new position in Pacer Trendpilot US Large Cap ETF in the third quarter valued at approximately $57,000.

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.