Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) Sees Strong Trading Volume – Here’s Why

Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) shares saw an uptick in trading volume on Tuesday . 166,402 shares traded hands during trading, an increase of 302% from the previous session’s volume of 41,426 shares.The stock last traded at $77.1340 and had previously closed at $76.96.

Pacer Trendpilot 100 ETF Stock Down 0.1%

The firm has a market cap of $1.24 billion, a P/E ratio of 33.04 and a beta of 0.55. The stock’s 50-day simple moving average is $79.30 and its 200 day simple moving average is $77.85.

Hedge Funds Weigh In On Pacer Trendpilot 100 ETF

Several institutional investors have recently modified their holdings of PTNQ. Cetera Investment Advisers increased its stake in shares of Pacer Trendpilot 100 ETF by 0.7% in the fourth quarter. Cetera Investment Advisers now owns 649,198 shares of the company’s stock worth $51,059,000 after buying an additional 4,397 shares during the period. Avantax Advisory Services Inc. boosted its stake in Pacer Trendpilot 100 ETF by 36.2% during the 2nd quarter. Avantax Advisory Services Inc. now owns 270,924 shares of the company’s stock valued at $19,336,000 after purchasing an additional 71,962 shares during the last quarter. UBS Group AG lifted its position in Pacer Trendpilot 100 ETF by 2.8% during the fourth quarter. UBS Group AG now owns 256,991 shares of the company’s stock valued at $20,212,000 after purchasing an additional 7,090 shares during the period. ODonnell Financial Services LLC grew its stake in shares of Pacer Trendpilot 100 ETF by 2.3% during the 2nd quarter. ODonnell Financial Services LLC now owns 219,653 shares of the company’s stock valued at $15,677,000 after purchasing an additional 4,868 shares during the period. Finally, Creative Financial Designs Inc. ADV increased its position in Pacer Trendpilot 100 ETF by 1.6% in the third quarter. Creative Financial Designs Inc. ADV now owns 183,837 shares of the company’s stock worth $14,253,000 after buying an additional 2,876 shares in the last quarter.

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.