Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) Reaches New 52-Week High – Should You Buy?

Pacer Trendpilot 100 ETF (NASDAQ:PTNQ)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $87.57 and last traded at $87.31, with a volume of 2020 shares trading hands. The stock had previously closed at $86.04.

Pacer Trendpilot 100 ETF Stock Performance

The firm has a 50 day moving average of $78.82 and a 200-day moving average of $78.87. The stock has a market capitalization of $1.36 billion, a PE ratio of 33.04 and a beta of 0.63.

Institutional Trading of Pacer Trendpilot 100 ETF

Institutional investors have recently made changes to their positions in the stock. Western Wealth Management LLC grew its position in Pacer Trendpilot 100 ETF by 0.8% during the first quarter. Western Wealth Management LLC now owns 44,571 shares of the company’s stock valued at $3,252,000 after purchasing an additional 363 shares in the last quarter. Ashton Thomas Securities LLC purchased a new position in Pacer Trendpilot 100 ETF during the first quarter valued at approximately $2,682,000. IFS Group LLC acquired a new stake in shares of Pacer Trendpilot 100 ETF during the 1st quarter valued at $583,000. Empirical Finance LLC acquired a new stake in shares of Pacer Trendpilot 100 ETF during the 1st quarter valued at $3,455,000. Finally, Independent Financial Group LLC acquired a new stake in shares of Pacer Trendpilot 100 ETF during the 1st quarter valued at $375,000.

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.