Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) Hits New 52-Week High – Still a Buy?

Pacer Trendpilot 100 ETF (NASDAQ:PTNQGet Free Report)’s share price hit a new 52-week high on Wednesday . The stock traded as high as $76.81 and last traded at $76.81, with a volume of 2074 shares trading hands. The stock had previously closed at $76.12.

Pacer Trendpilot 100 ETF Price Performance

The stock’s 50 day moving average is $74.62 and its two-hundred day moving average is $72.67. The firm has a market cap of $1.39 billion, a P/E ratio of 35.78 and a beta of 0.68.

Institutional Investors Weigh In On Pacer Trendpilot 100 ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Assetmark Inc. bought a new position in Pacer Trendpilot 100 ETF during the 3rd quarter valued at about $31,000. Ridgewood Investments LLC bought a new position in shares of Pacer Trendpilot 100 ETF in the second quarter valued at approximately $40,000. PSI Advisors LLC boosted its holdings in shares of Pacer Trendpilot 100 ETF by 69.5% in the 2nd quarter. PSI Advisors LLC now owns 1,158 shares of the company’s stock worth $83,000 after acquiring an additional 475 shares in the last quarter. Concourse Financial Group Securities Inc. grew its position in Pacer Trendpilot 100 ETF by 355.0% during the 2nd quarter. Concourse Financial Group Securities Inc. now owns 1,820 shares of the company’s stock worth $131,000 after acquiring an additional 1,420 shares during the last quarter. Finally, NBC Securities Inc. increased its holdings in Pacer Trendpilot 100 ETF by 17.2% during the 3rd quarter. NBC Securities Inc. now owns 2,468 shares of the company’s stock valued at $180,000 after purchasing an additional 363 shares in the last quarter.

Pacer Trendpilot 100 ETF Company Profile

(Get Free Report)

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.

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