Pacer Trendpilot US Large Cap ETF (BATS:PTLC) Stock Breaks Above 200 Day Moving Average – Time to Sell?

Shares of Pacer Trendpilot US Large Cap ETF (BATS:PTLC) crossed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $57.55 and traded as high as $58.99. Pacer Trendpilot US Large Cap ETF shares last traded at $58.76, with a volume of 89,616 shares traded.

Pacer Trendpilot US Large Cap ETF Price Performance

The company has a market capitalization of $3.25 billion, a price-to-earnings ratio of 22.99 and a beta of 0.53. The business has a fifty day moving average price of $59.70 and a 200 day moving average price of $57.58.

Hedge Funds Weigh In On Pacer Trendpilot US Large Cap ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Envestnet Asset Management Inc. boosted its holdings in Pacer Trendpilot US Large Cap ETF by 1.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 661,431 shares of the company’s stock valued at $38,535,000 after purchasing an additional 9,679 shares during the period. Commonwealth Equity Services LLC bought a new position in shares of Pacer Trendpilot US Large Cap ETF during the 3rd quarter worth about $32,168,000. Bullock Wealth Management Group increased its holdings in shares of Pacer Trendpilot US Large Cap ETF by 4.4% during the 3rd quarter. Bullock Wealth Management Group now owns 537,970 shares of the company’s stock worth $32,074,000 after purchasing an additional 22,898 shares during the period. MBL Wealth LLC increased its holdings in shares of Pacer Trendpilot US Large Cap ETF by 1.0% during the 3rd quarter. MBL Wealth LLC now owns 302,145 shares of the company’s stock worth $17,981,000 after purchasing an additional 2,983 shares during the period. Finally, Private Advisor Group LLC raised its position in shares of Pacer Trendpilot US Large Cap ETF by 4.5% during the third quarter. Private Advisor Group LLC now owns 209,400 shares of the company’s stock valued at $12,461,000 after buying an additional 8,974 shares during the last quarter.

About Pacer Trendpilot US Large Cap ETF

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.