Cetera Investment Advisers Has $30.48 Million Stock Position in Pacer Trendpilot 100 ETF $PTNQ

Cetera Investment Advisers lowered its stake in shares of Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) by 14.4% during the second quarter, HoldingsChannel reports. The fund owned 427,015 shares of the company’s stock after selling 71,948 shares during the quarter. Cetera Investment Advisers’ holdings in Pacer Trendpilot 100 ETF were worth $30,476,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of PTNQ. Bank of Montreal Can acquired a new stake in Pacer Trendpilot 100 ETF in the 2nd quarter worth $43,000. Trust Co. of Vermont acquired a new position in shares of Pacer Trendpilot 100 ETF during the second quarter valued at about $66,000. Assetmark Inc. lifted its stake in shares of Pacer Trendpilot 100 ETF by 494.8% in the first quarter. Assetmark Inc. now owns 2,522 shares of the company’s stock valued at $179,000 after buying an additional 2,098 shares during the period. HBW Advisory Services LLC acquired a new stake in Pacer Trendpilot 100 ETF during the second quarter worth about $237,000. Finally, Schmidt P J Investment Management Inc. increased its stake in Pacer Trendpilot 100 ETF by 24.2% during the first quarter. Schmidt P J Investment Management Inc. now owns 3,363 shares of the company’s stock valued at $239,000 after acquiring an additional 655 shares during the period.

Pacer Trendpilot 100 ETF Stock Down 0.9%

Pacer Trendpilot 100 ETF stock opened at $77.88 on Tuesday. The business has a 50 day moving average price of $78.30 and a two-hundred day moving average price of $73.39. Pacer Trendpilot 100 ETF has a 12 month low of $65.21 and a 12 month high of $82.21. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of 33.04 and a beta of 0.55.

Pacer Trendpilot 100 ETF 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.