Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) Sees Large Volume Increase – Here’s Why

Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) saw strong trading volume on Thursday . Approximately 224,249 shares were traded during mid-day trading, an increase of 518% from the previous session’s volume of 36,279 shares.The stock last traded at $85.63 and had previously closed at $86.40.

Pacer Trendpilot 100 ETF Stock Performance

The company has a market cap of $1.23 billion, a PE ratio of 33.04 and a beta of 0.66. The stock’s 50-day simple moving average is $86.10 and its 200 day simple moving average is $81.90.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in PTNQ. NewEdge Advisors LLC lifted its holdings in shares of Pacer Trendpilot 100 ETF by 76.8% in the 2nd 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 during the period. Orion Porfolio Solutions LLC grew its holdings in Pacer Trendpilot 100 ETF by 359.5% during the fourth quarter. Orion Porfolio Solutions LLC now owns 63,922 shares of the company’s stock worth $5,027,000 after acquiring an additional 50,010 shares during the period. Empirical Finance LLC purchased a new position in Pacer Trendpilot 100 ETF in the first quarter worth $3,455,000. Ashton Thomas Securities LLC purchased a new position in Pacer Trendpilot 100 ETF in the first quarter worth $2,682,000. Finally, One Capital Management LLC acquired a new stake in Pacer Trendpilot 100 ETF in the fourth quarter valued at $2,836,000.

Pacer Trendpilot 100 ETF Company Profile

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.