Pacer Trendpilot US Large Cap ETF (BATS:PTLC) Reaches New 1-Year High – Still a Buy?

Pacer Trendpilot US Large Cap ETF (BATS:PTLC)’s share price hit a new 52-week high during trading on Friday . The stock traded as high as $56.56 and last traded at $56.31, with a volume of 113986 shares. The stock had previously closed at $56.24.

Pacer Trendpilot US Large Cap ETF Trading Up 0.1%

The firm has a market cap of $3.69 billion, a price-to-earnings ratio of 25.78 and a beta of 0.60. The company has a 50 day moving average of $55.28 and a 200 day moving average of $52.69.

Hedge Funds Weigh In On Pacer Trendpilot US Large Cap ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Sfmg LLC bought a new position in Pacer Trendpilot US Large Cap ETF during the second quarter worth $114,079,000. Ameriprise Financial Inc. boosted its position in shares of Pacer Trendpilot US Large Cap ETF by 654.2% during the first quarter. Ameriprise Financial Inc. now owns 1,248,954 shares of the company’s stock valued at $64,251,000 after buying an additional 1,083,347 shares during the last quarter. Raymond James Financial Inc. grew its stake in shares of Pacer Trendpilot US Large Cap ETF by 17.5% in the 1st quarter. Raymond James Financial Inc. now owns 2,864,864 shares of the company’s stock worth $147,397,000 after acquiring an additional 426,092 shares in the last quarter. Osaic Holdings Inc. increased its stake in Pacer Trendpilot US Large Cap ETF by 21.0% in the 2nd quarter. Osaic Holdings Inc. now owns 1,335,894 shares of the company’s stock valued at $67,811,000 after buying an additional 231,753 shares during the last quarter. Finally, Deane Retirement Strategies Inc. raised its stake in shares of Pacer Trendpilot US Large Cap ETF by 98,262.0% during the 2nd quarter. Deane Retirement Strategies Inc. now owns 225,249 shares of the company’s stock worth $11,431,000 after purchasing an additional 225,020 shares during the period.

Pacer Trendpilot US Large Cap ETF Company Profile

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.