Pacer Trendpilot 100 ETF Plans Annual Dividend of $0.69 (NASDAQ:PTNQ)

Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) announced an annual dividend on Monday, December 29th. Investors of record on Tuesday, December 30th will be paid a dividend of 0.693 per share on Monday, January 5th. This represents a dividend yield of 87.0%. The ex-dividend date is Tuesday, December 30th.

Pacer Trendpilot 100 ETF Stock Performance

PTNQ stock traded down $0.86 during midday trading on Tuesday, reaching $79.33. 30,071 shares of the company’s stock traded hands, compared to its average volume of 60,818. The firm has a market capitalization of $1.29 billion, a PE ratio of 33.04 and a beta of 0.55. The company has a 50-day moving average price of $79.59 and a two-hundred day moving average price of $75.92. Pacer Trendpilot 100 ETF has a 52 week low of $65.21 and a 52 week high of $82.21.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. IFP Advisors Inc raised its stake in shares of Pacer Trendpilot 100 ETF by 5.5% during the third quarter. IFP Advisors Inc now owns 6,136 shares of the company’s stock worth $476,000 after acquiring an additional 318 shares in the last quarter. Tcfg Wealth Management LLC purchased a new stake in Pacer Trendpilot 100 ETF during the third quarter valued at about $388,000. Sunbelt Securities Inc. purchased a new stake in Pacer Trendpilot 100 ETF during the third quarter valued at about $155,000. NewEdge Advisors LLC grew its stake in shares of Pacer Trendpilot 100 ETF by 1.7% during the third quarter. NewEdge Advisors LLC now owns 152,476 shares of the company’s stock valued at $11,821,000 after buying an additional 2,586 shares during the last quarter. Finally, Susquehanna International Group LLP increased its holdings in shares of Pacer Trendpilot 100 ETF by 64.6% in the third quarter. Susquehanna International Group LLP now owns 33,253 shares of the company’s stock worth $2,578,000 after buying an additional 13,055 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.