Pacer Trendpilot US Large Cap ETF (BATS:PTLC) Reaches New 12-Month High – Time to Buy?

Pacer Trendpilot US Large Cap ETF (BATS:PTLC)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as $56.56 and last traded at $56.44, with a volume of 113986 shares. The stock had previously closed at $56.24.

Pacer Trendpilot US Large Cap ETF Price Performance

The firm has a market capitalization of $3.69 billion, a price-to-earnings ratio of 25.78 and a beta of 0.60. The stock has a fifty day moving average of $55.57 and a two-hundred day moving average of $53.42.

Hedge Funds Weigh In On Pacer Trendpilot US Large Cap ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in PTLC. Sfmg LLC bought a new stake in Pacer Trendpilot US Large Cap ETF in the second quarter valued at approximately $114,079,000. Ameriprise Financial Inc. boosted its stake in shares of Pacer Trendpilot US Large Cap ETF by 654.2% in the 1st quarter. Ameriprise Financial Inc. now owns 1,248,954 shares of the company’s stock valued at $64,251,000 after purchasing an additional 1,083,347 shares during the last quarter. Osaic Holdings Inc. increased its position in shares of Pacer Trendpilot US Large Cap ETF by 21.0% during the second quarter. Osaic Holdings Inc. now owns 1,335,894 shares of the company’s stock worth $67,811,000 after buying an additional 231,753 shares during the period. Deane Retirement Strategies Inc. raised its stake in Pacer Trendpilot US Large Cap ETF by 98,262.0% during the second quarter. Deane Retirement Strategies Inc. now owns 225,249 shares of the company’s stock worth $11,431,000 after buying an additional 225,020 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its holdings in Pacer Trendpilot US Large Cap ETF by 115.8% in the second quarter. NewEdge Advisors LLC now owns 288,673 shares of the company’s stock valued at $14,653,000 after buying an additional 154,933 shares during the period.

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.