Truist Financial Corp Reduces Position in Pacer Trendpilot 100 ETF $PTNQ

Truist Financial Corp decreased its position in Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) by 25.7% during the 3rd quarter, Holdings Channel reports. The firm owned 37,230 shares of the company’s stock after selling 12,844 shares during the period. Truist Financial Corp’s holdings in Pacer Trendpilot 100 ETF were worth $2,886,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in PTNQ. Baird Financial Group Inc. bought a new stake in Pacer Trendpilot 100 ETF during the 1st quarter valued at $244,000. Janney Montgomery Scott LLC increased its position in shares of Pacer Trendpilot 100 ETF by 6.9% in the second quarter. Janney Montgomery Scott LLC now owns 27,656 shares of the company’s stock valued at $1,974,000 after acquiring an additional 1,788 shares during the period. DAVENPORT & Co LLC raised its stake in shares of Pacer Trendpilot 100 ETF by 2.1% during the second quarter. DAVENPORT & Co LLC now owns 8,344 shares of the company’s stock valued at $596,000 after acquiring an additional 175 shares during the last quarter. IFP Advisors Inc boosted its holdings in shares of Pacer Trendpilot 100 ETF by 27.9% during the second quarter. IFP Advisors Inc now owns 5,818 shares of the company’s stock worth $415,000 after purchasing an additional 1,269 shares during the period. Finally, Cyndeo Wealth Partners LLC bought a new stake in shares of Pacer Trendpilot 100 ETF in the second quarter worth about $254,000.

Pacer Trendpilot 100 ETF Price Performance

Shares of NASDAQ:PTNQ opened at $76.43 on Friday. The stock’s 50-day moving average is $79.66 and its 200 day moving average is $77.56. The company has a market cap of $1.23 billion, a PE ratio of 33.04 and a beta of 0.55. Pacer Trendpilot 100 ETF has a 1 year low of $65.21 and a 1 year high of $82.21.

Pacer Trendpilot 100 ETF Company Profile

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.