Pacer Trendpilot US Large Cap ETF (BATS:PTLC) Reaches New 12-Month High – Here’s Why

Pacer Trendpilot US Large Cap ETF (BATS:PTLC)’s share price hit a new 52-week high on Monday . The company traded as high as $59.15 and last traded at $59.12, with a volume of 62774 shares trading hands. The stock had previously closed at $58.24.

Pacer Trendpilot US Large Cap ETF Stock Up 1.5%

The firm has a market cap of $3.87 billion, a PE ratio of 25.78 and a beta of 0.60. The firm has a 50-day moving average price of $58.06 and a two-hundred day moving average price of $56.34.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PTLC. AlphaCore Capital LLC purchased a new position in shares of Pacer Trendpilot US Large Cap ETF in the fourth quarter worth about $8,275,000. Crux Wealth Advisors purchased a new position in Pacer Trendpilot US Large Cap ETF in the fourth quarter worth approximately $2,143,000. Patriot Financial Group Insurance Agency LLC increased its position in shares of Pacer Trendpilot US Large Cap ETF by 100.9% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 20,122 shares of the company’s stock worth $1,056,000 after purchasing an additional 10,105 shares during the last quarter. XY Planning Network Inc. raised its stake in shares of Pacer Trendpilot US Large Cap ETF by 107.8% in the 4th quarter. XY Planning Network Inc. now owns 30,909 shares of the company’s stock valued at $1,718,000 after acquiring an additional 16,032 shares during the period. Finally, Prospera Financial Services Inc increased its holdings in Pacer Trendpilot US Large Cap ETF by 26.1% in the 4th quarter. Prospera Financial Services Inc now owns 50,904 shares of the company’s stock valued at $2,830,000 after purchasing an additional 10,534 shares during the last quarter.

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.