Pacer Trendpilot US Large Cap ETF (BATS:PTLC) Hits New 52-Week High – Should You Buy?

Pacer Trendpilot US Large Cap ETF (BATS:PTLC)’s stock price hit a new 52-week high on Tuesday . The company traded as high as $57.64 and last traded at $57.54, with a volume of 101368 shares. The stock had previously closed at $57.39.

Pacer Trendpilot US Large Cap ETF Price Performance

The firm has a market capitalization of $3.77 billion, a PE ratio of 25.78 and a beta of 0.60. The company’s fifty day simple moving average is $54.53 and its 200 day simple moving average is $55.45.

Institutional Investors Weigh In On Pacer Trendpilot US Large Cap ETF

Institutional investors and hedge funds have recently modified their holdings of the company. World Investment Advisors increased its position in shares of Pacer Trendpilot US Large Cap ETF by 1.4% in the first quarter. World Investment Advisors now owns 12,893 shares of the company’s stock worth $676,000 after purchasing an additional 184 shares during the last quarter. HBW Advisory Services LLC grew its position in Pacer Trendpilot US Large Cap ETF by 4.5% during the fourth quarter. HBW Advisory Services LLC now owns 5,718 shares of the company’s stock valued at $318,000 after acquiring an additional 245 shares during the last quarter. Equitable Holdings Inc. grew its position in Pacer Trendpilot US Large Cap ETF by 1.2% during the third quarter. Equitable Holdings Inc. now owns 23,391 shares of the company’s stock valued at $1,281,000 after acquiring an additional 267 shares during the last quarter. Kinloch Capital LLC grew its position in Pacer Trendpilot US Large Cap ETF by 6.5% during the third quarter. Kinloch Capital LLC now owns 4,754 shares of the company’s stock valued at $260,000 after acquiring an additional 290 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its position in Pacer Trendpilot US Large Cap ETF by 0.9% during the third quarter. Envestnet Portfolio Solutions Inc. now owns 32,700 shares of the company’s stock valued at $1,791,000 after acquiring an additional 305 shares during the last quarter.

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.