Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) Reaches New 52-Week High – Here’s Why

Pacer Trendpilot 100 ETF (NASDAQ:PTNQ)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as $87.57 and last traded at $87.31, with a volume of 2020 shares traded. The stock had previously closed at $86.04.

Pacer Trendpilot 100 ETF Stock Up 0.8%

The company has a 50 day moving average of $79.29 and a 200 day moving average of $78.99. The firm has a market cap of $1.37 billion, a price-to-earnings ratio of 33.04 and a beta of 0.63.

Institutional Trading of Pacer Trendpilot 100 ETF

Several institutional investors and hedge funds have recently bought and sold shares of PTNQ. Baird Financial Group Inc. acquired a new stake in Pacer Trendpilot 100 ETF during the first quarter valued at approximately $244,000. Northwestern Mutual Wealth Management Co. acquired a new stake in Pacer Trendpilot 100 ETF during the second quarter valued at approximately $58,000. NewEdge Advisors LLC raised its stake 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 buying an additional 65,118 shares in the last quarter. Jane Street Group LLC acquired a new stake in Pacer Trendpilot 100 ETF during the second quarter valued at approximately $672,000. Finally, Camarda Financial Advisors LLC raised its stake in Pacer Trendpilot 100 ETF by 14.6% during the second quarter. Camarda Financial Advisors LLC now owns 7,701 shares of the company’s stock valued at $550,000 after buying an additional 980 shares in the last quarter.

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.