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 Monday . 220,336 shares were traded during mid-day trading, an increase of 528% from the previous session’s volume of 35,105 shares.The stock last traded at $89.0710 and had previously closed at $86.95.

Pacer Trendpilot 100 ETF Stock Performance

The stock has a market capitalization of $1.28 billion, a PE ratio of 33.04 and a beta of 0.66. The firm’s 50 day moving average is $85.57 and its two-hundred day moving average is $83.16.

Institutional Trading of Pacer Trendpilot 100 ETF

Large investors have recently modified their holdings of the stock. Motiv8 Investments LLC purchased a new position in Pacer Trendpilot 100 ETF in the fourth quarter valued at $35,000. Realta Investment Advisors acquired a new stake in Pacer Trendpilot 100 ETF in the 1st quarter valued at about $55,000. Trust Co. of Vermont purchased a new position in shares of Pacer Trendpilot 100 ETF in the 2nd quarter valued at about $61,000. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in shares of Pacer Trendpilot 100 ETF in the 4th quarter valued at about $73,000. Finally, Root Financial Partners LLC acquired a new position in shares of Pacer Trendpilot 100 ETF during the fourth quarter worth about $88,000.

About Pacer Trendpilot 100 ETF

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.