Mascagni Wealth Management Inc. Raises Position in Pacer Trendpilot 100 ETF (NASDAQ:PTNQ)

Mascagni Wealth Management Inc. raised its holdings in Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) by 329.0% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,694 shares of the company’s stock after buying an additional 12,803 shares during the period. Pacer Trendpilot 100 ETF makes up approximately 1.2% of Mascagni Wealth Management Inc.’s portfolio, making the stock its 23rd largest position. Mascagni Wealth Management Inc. owned 0.09% of Pacer Trendpilot 100 ETF worth $1,236,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. Sanctuary Advisors LLC acquired a new stake in Pacer Trendpilot 100 ETF during the 4th quarter worth $229,000. Private Advisor Group LLC increased its stake in Pacer Trendpilot 100 ETF by 7.7% in the fourth quarter. Private Advisor Group LLC now owns 55,299 shares of the company’s stock valued at $4,093,000 after purchasing an additional 3,965 shares during the period. Midwest Capital Advisors LLC purchased a new stake in shares of Pacer Trendpilot 100 ETF in the fourth quarter valued at about $64,000. IFP Advisors Inc boosted its holdings in shares of Pacer Trendpilot 100 ETF by 43.8% in the fourth quarter. IFP Advisors Inc now owns 1,516 shares of the company’s stock valued at $112,000 after acquiring an additional 462 shares in the last quarter. Finally, Oppenheimer & Co. Inc. boosted its holdings in shares of Pacer Trendpilot 100 ETF by 4.1% in the fourth quarter. Oppenheimer & Co. Inc. now owns 15,760 shares of the company’s stock valued at $1,167,000 after acquiring an additional 615 shares in the last quarter.

Pacer Trendpilot 100 ETF Trading Up 1.1%

PTNQ stock opened at $68.72 on Tuesday. The company has a market cap of $1.25 billion, a P/E ratio of 31.55 and a beta of 0.68. Pacer Trendpilot 100 ETF has a 52 week low of $65.21 and a 52 week high of $77.83. The company’s 50-day moving average price is $67.51 and its 200 day moving average price is $71.55.

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.