Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) Sets New 1-Year High – Here’s What Happened

Pacer Trendpilot 100 ETF (NASDAQ:PTNQ)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $90.15 and last traded at $90.1510, with a volume of 26714 shares changing hands. The stock had previously closed at $89.45.

Pacer Trendpilot 100 ETF Stock Performance

The firm’s 50 day moving average is $85.64 and its two-hundred day moving average is $83.25. The stock has a market capitalization of $1.28 billion, a PE ratio of 33.04 and a beta of 0.66.

Institutional Trading of Pacer Trendpilot 100 ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of PTNQ. Empirical Finance LLC purchased a new position in Pacer Trendpilot 100 ETF in the 1st quarter valued at $3,455,000. Ashton Thomas Securities LLC acquired a new stake in shares of Pacer Trendpilot 100 ETF in the 1st quarter worth $2,682,000. One Capital Management LLC purchased a new stake in shares of Pacer Trendpilot 100 ETF in the fourth quarter valued at about $2,836,000. Citadel Advisors LLC increased its stake in shares of Pacer Trendpilot 100 ETF by 138.7% during the second quarter. Citadel Advisors LLC now owns 36,578 shares of the company’s stock worth $3,243,000 after acquiring an additional 21,252 shares during the period. Finally, Rockefeller Capital Management L.P. grew its holdings in Pacer Trendpilot 100 ETF by 18.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 105,316 shares of the company’s stock worth $8,283,000 after acquiring an additional 16,466 shares during the period.

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.