Pacer Trendpilot 100 ETF $PTNQ Shares Sold by Royal Bank of Canada

Royal Bank of Canada cut its holdings in shares of Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) by 10.5% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 160,648 shares of the company’s stock after selling 18,815 shares during the quarter. Royal Bank of Canada’s holdings in Pacer Trendpilot 100 ETF were worth $11,720,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Baird Financial Group Inc. acquired a new stake in shares of Pacer Trendpilot 100 ETF in the first quarter worth $244,000. Northwestern Mutual Wealth Management Co. acquired a new position in Pacer Trendpilot 100 ETF during the second quarter valued at $58,000. NewEdge Advisors LLC lifted its position in Pacer Trendpilot 100 ETF by 76.8% during the second quarter. NewEdge Advisors LLC now owns 149,890 shares of the company’s stock valued at $10,698,000 after purchasing an additional 65,118 shares during the period. Jane Street Group LLC purchased a new stake in Pacer Trendpilot 100 ETF in the second quarter valued at $672,000. Finally, Camarda Financial Advisors LLC boosted its holdings in Pacer Trendpilot 100 ETF by 14.6% in the second quarter. Camarda Financial Advisors LLC now owns 7,701 shares of the company’s stock valued at $550,000 after purchasing an additional 980 shares during the last quarter.

Pacer Trendpilot 100 ETF Stock Performance

Shares of PTNQ opened at $87.15 on Friday. The business’s 50-day moving average is $86.11 and its two-hundred day moving average is $81.47. The company has a market capitalization of $1.25 billion, a P/E ratio of 33.04 and a beta of 0.66. Pacer Trendpilot 100 ETF has a fifty-two week low of $71.56 and a fifty-two week high of $90.15.

Pacer Trendpilot 100 ETF 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.