Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) Sets New 52-Week High – What’s Next?

Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $75.76 and last traded at $75.75, with a volume of 8527 shares traded. The stock had previously closed at $75.34.

Pacer Trendpilot 100 ETF Trading Up 0.5 %

The firm has a market capitalization of $1.37 billion, a P/E ratio of 35.78 and a beta of 0.68. The company has a 50-day moving average of $74.02 and a 200-day moving average of $72.30.

Hedge Funds Weigh In On Pacer Trendpilot 100 ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Gimbal Financial raised its position in shares of Pacer Trendpilot 100 ETF by 10.1% in the second quarter. Gimbal Financial now owns 44,641 shares of the company’s stock valued at $3,263,000 after purchasing an additional 4,078 shares during the period. NewEdge Advisors LLC raised its holdings in Pacer Trendpilot 100 ETF by 0.7% during the 2nd quarter. NewEdge Advisors LLC now owns 84,710 shares of the company’s stock valued at $6,107,000 after acquiring an additional 628 shares during the period. Atria Wealth Solutions Inc. lifted its position in shares of Pacer Trendpilot 100 ETF by 38.7% during the second quarter. Atria Wealth Solutions Inc. now owns 157,050 shares of the company’s stock worth $11,322,000 after acquiring an additional 43,817 shares in the last quarter. Sigma Planning Corp boosted its holdings in shares of Pacer Trendpilot 100 ETF by 6.9% in the third quarter. Sigma Planning Corp now owns 15,177 shares of the company’s stock worth $1,113,000 after acquiring an additional 982 shares during the period. Finally, Tempus Wealth Planning LLC grew its position in shares of Pacer Trendpilot 100 ETF by 4.9% in the second quarter. Tempus Wealth Planning LLC now owns 6,426 shares of the company’s stock valued at $463,000 after purchasing an additional 300 shares in the last quarter.

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.