Pacer Trendpilot US Large Cap ETF (BATS:PTLC) Hits New 12-Month High – Should You Buy?

Pacer Trendpilot US Large Cap ETF (BATS:PTLC)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $56.91 and last traded at $56.7290, with a volume of 38069 shares traded. The stock had previously closed at $56.70.

Pacer Trendpilot US Large Cap ETF Price Performance

The firm has a market cap of $3.67 billion, a P/E ratio of 25.78 and a beta of 0.60. The firm’s 50 day moving average is $55.80 and its 200 day moving average is $53.73.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PTLC. SJS Investment Consulting Inc. bought a new stake in Pacer Trendpilot US Large Cap ETF in the second quarter worth $30,000. ORG Wealth Partners LLC purchased a new position in shares of Pacer Trendpilot US Large Cap ETF in the 3rd quarter worth about $35,000. Wolff Wiese Magana LLC bought a new position in Pacer Trendpilot US Large Cap ETF in the 3rd quarter worth about $40,000. Burkett Financial Services LLC bought a new position in Pacer Trendpilot US Large Cap ETF in the 3rd quarter worth about $41,000. Finally, Ancora Advisors LLC purchased a new stake in Pacer Trendpilot US Large Cap ETF during the 3rd quarter valued at about $57,000.

About Pacer Trendpilot US Large Cap ETF

The Pacer Trendpilot US Large Cap ETF (PTLC) is an exchange-traded fund that is based on the Pacer Trendpilot US Large Cap index. The fund tracks an index that allocates to a proprietary US large-cap index and\u002For 3-month US T-bills, according to momentum. PTLC was launched on Jun 11, 2015 and is managed by Pacer.