Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) Hits New 12-Month High – Still a Buy?

Shares of Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) hit a new 52-week high during mid-day trading on Friday. The stock traded as high as $90.58 and last traded at $90.7440, with a volume of 985 shares trading hands. The stock had previously closed at $89.47.

Pacer Trendpilot 100 ETF Stock Performance

The firm’s 50-day simple moving average is $86.35 and its 200 day simple moving average is $83.93. The stock has a market capitalization of $1.31 billion, a P/E ratio of 33.04 and a beta of 0.66.

Institutional Trading of Pacer Trendpilot 100 ETF

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Ashton Thomas Securities LLC bought a new position in shares of Pacer Trendpilot 100 ETF in the first quarter valued at $2,682,000. Retirement Planning Group LLC acquired a new stake in Pacer Trendpilot 100 ETF in the first quarter valued at $572,000. Alchemi Wealth LLC acquired a new stake in Pacer Trendpilot 100 ETF in the fourth quarter valued at $741,000. Rockefeller Capital Management L.P. grew its position in shares of Pacer Trendpilot 100 ETF by 18.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 105,316 shares of the company’s stock valued at $8,283,000 after acquiring an additional 16,466 shares during the period. Finally, Kestra Advisory Services LLC grew its position in shares of Pacer Trendpilot 100 ETF by 26.7% in the 1st quarter. Kestra Advisory Services LLC now owns 69,636 shares of the company’s stock valued at $5,081,000 after acquiring an additional 14,691 shares during the period.

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.