Commonwealth Equity Services LLC Makes New $7.97 Million Investment in Pacer Trendpilot 100 ETF $PTNQ

Commonwealth Equity Services LLC bought a new stake in Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) in the third quarter, HoldingsChannel.com reports. The institutional investor bought 89,343 shares of the company’s stock, valued at approximately $7,969,000.

A number of other institutional investors have also made changes to their positions in PTNQ. Integrity Alliance LLC. acquired a new position in shares of Pacer Trendpilot 100 ETF during the third quarter worth approximately $823,000. XML Financial LLC lifted its holdings in 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 buying an additional 420 shares in the last quarter. Victory Financial Group LLC bought a new position in Pacer Trendpilot 100 ETF in the 3rd quarter valued at $207,000. Ashton Thomas Securities LLC acquired a new stake in shares of Pacer Trendpilot 100 ETF in the 3rd quarter valued at $3,409,000. Finally, Oppenheimer & Co. Inc. bought a new stake in shares of Pacer Trendpilot 100 ETF during the third quarter worth $1,167,000.

Pacer Trendpilot 100 ETF Stock Down 1.3%

Shares of PTNQ opened at $81.93 on Friday. The stock’s fifty day simple moving average is $86.56 and its 200-day simple moving average is $83.27. The firm has a market capitalization of $1.16 billion, a PE ratio of 25.86 and a beta of 0.67. Pacer Trendpilot 100 ETF has a 12-month low of $71.56 and a 12-month high of $91.90.

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.