Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) Stock Price Crosses Below 200-Day Moving Average – Here’s Why

Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $83.16 and traded as low as $82.47. Pacer Trendpilot 100 ETF shares last traded at $83.15, with a volume of 15,531 shares.

Pacer Trendpilot 100 ETF Stock Performance

The stock has a market cap of $1.18 billion, a PE ratio of 33.04 and a beta of 0.65. The company’s 50-day moving average price is $87.41 and its 200 day moving average price is $83.16.

Institutional Investors Weigh In On Pacer Trendpilot 100 ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Integrity Alliance LLC. acquired a new position in shares of Pacer Trendpilot 100 ETF in the 3rd quarter worth approximately $823,000. XML Financial LLC boosted its position in shares of Pacer Trendpilot 100 ETF by 4.3% during the 3rd quarter. XML Financial LLC now owns 10,109 shares of the company’s stock worth $902,000 after purchasing an additional 420 shares during the period. Victory Financial Group LLC acquired a new stake in Pacer Trendpilot 100 ETF in the 3rd quarter valued at approximately $207,000. Ashton Thomas Securities LLC acquired a new stake in Pacer Trendpilot 100 ETF in the 3rd quarter valued at approximately $3,409,000. Finally, Oppenheimer & Co. Inc. acquired a new stake in Pacer Trendpilot 100 ETF in the 3rd quarter valued at approximately $1,167,000.

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.