Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) Sees Strong Trading Volume – Should You Buy?

Shares of Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) saw unusually-high trading volume on Friday . Approximately 51,924 shares changed hands during mid-day trading, a decline of 14% from the previous session’s volume of 60,562 shares.The stock last traded at $71.28 and had previously closed at $70.83.

Pacer Trendpilot 100 ETF Price Performance

The company has a market capitalization of $1.29 billion, a P/E ratio of 31.17 and a beta of 0.68. The business has a 50-day moving average of $74.62 and a 200-day moving average of $74.23.

Pacer Trendpilot 100 ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, December 27th were paid a $1.4487 dividend. The ex-dividend date was Friday, December 27th.

Institutional Trading of Pacer Trendpilot 100 ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Assetmark Inc. bought a new position in shares of Pacer Trendpilot 100 ETF during the third quarter valued at approximately $31,000. OLD Point Trust & Financial Services N A bought a new position in Pacer Trendpilot 100 ETF in the 4th quarter valued at $33,000. Kestra Investment Management LLC purchased a new stake in Pacer Trendpilot 100 ETF in the fourth quarter worth $38,000. Midwest Capital Advisors LLC bought a new stake in shares of Pacer Trendpilot 100 ETF during the fourth quarter worth $64,000. Finally, Aptus Capital Advisors LLC purchased a new stake in shares of Pacer Trendpilot 100 ETF during the fourth quarter valued at $74,000.

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.