Empirical Finance LLC Trims Position in Pacer Trendpilot 100 ETF $PTNQ

Empirical Finance LLC reduced its stake in shares of Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) by 20.8% during the second quarter, Holdings Channel reports. The firm owned 37,480 shares of the company’s stock after selling 9,872 shares during the quarter. Empirical Finance LLC’s holdings in Pacer Trendpilot 100 ETF were worth $3,323,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Citadel Advisors LLC boosted its stake in shares of Pacer Trendpilot 100 ETF by 138.7% during the 2nd quarter. Citadel Advisors LLC now owns 36,578 shares of the company’s stock valued at $3,243,000 after purchasing an additional 21,252 shares in the last quarter. Ameritas Advisory Services LLC raised its stake in Pacer Trendpilot 100 ETF by 53.9% in the second quarter. Ameritas Advisory Services LLC now owns 6,046 shares of the company’s stock worth $536,000 after buying an additional 2,117 shares in the last quarter. Unique Wealth LLC lifted its holdings in Pacer Trendpilot 100 ETF by 324.6% in the second quarter. Unique Wealth LLC now owns 12,913 shares of the company’s stock worth $1,145,000 after buying an additional 9,872 shares during the period. Concurrent Investment Advisors LLC lifted its holdings in Pacer Trendpilot 100 ETF by 0.7% in the second quarter. Concurrent Investment Advisors LLC now owns 28,926 shares of the company’s stock worth $2,564,000 after buying an additional 193 shares during the period. Finally, Continuum Advisory LLC bought a new stake in Pacer Trendpilot 100 ETF during the 2nd quarter valued at approximately $94,000.

Pacer Trendpilot 100 ETF Stock Performance

Pacer Trendpilot 100 ETF stock opened at $86.51 on Wednesday. Pacer Trendpilot 100 ETF has a fifty-two week low of $71.56 and a fifty-two week high of $90.15. The stock’s 50 day simple moving average is $85.70 and its two-hundred day simple moving average is $82.71. The stock has a market cap of $1.25 billion, a price-to-earnings ratio of 33.04 and a beta of 0.66.

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.