Pacer Trendpilot US Large Cap ETF (BATS:PTLC) Reaches New 12-Month High – Here’s Why

Pacer Trendpilot US Large Cap ETF (BATS:PTLC)’s share price reached a new 52-week high on Monday . The stock traded as high as $56.91 and last traded at $56.15, with a volume of 38069 shares trading hands. The stock had previously closed at $56.70.

Pacer Trendpilot US Large Cap ETF Stock Performance

The firm has a market capitalization of $3.71 billion, a PE ratio of 25.78 and a beta of 0.60. The stock has a fifty day moving average price of $56.18 and a 200-day moving average price of $54.68.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of PTLC. Goldman Sachs Group Inc. grew its stake in Pacer Trendpilot US Large Cap ETF by 8.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 16,147 shares of the company’s stock valued at $831,000 after acquiring an additional 1,291 shares during the period. Janney Montgomery Scott LLC boosted its stake in shares of Pacer Trendpilot US Large Cap ETF by 6.2% in the second quarter. Janney Montgomery Scott LLC now owns 54,119 shares of the company’s stock worth $2,747,000 after acquiring an additional 3,155 shares during the last quarter. Patriot Financial Group Insurance Agency LLC increased its position in shares of Pacer Trendpilot US Large Cap ETF by 5.6% during the second quarter. Patriot Financial Group Insurance Agency LLC now owns 10,371 shares of the company’s stock worth $526,000 after purchasing an additional 550 shares in the last quarter. Ameritas Advisory Services LLC raised its stake in Pacer Trendpilot US Large Cap ETF by 116.9% in the 2nd quarter. Ameritas Advisory Services LLC now owns 12,287 shares of the company’s stock valued at $624,000 after purchasing an additional 6,621 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC raised its stake in Pacer Trendpilot US Large Cap ETF by 18.8% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 34,451 shares of the company’s stock valued at $1,749,000 after purchasing an additional 5,447 shares during the last quarter.

Pacer Trendpilot US Large Cap ETF Company Profile

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.