Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) Reaches New 12-Month High – Time to Buy?

Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) shares hit a new 52-week high on Monday . The stock traded as high as $85.94 and last traded at $85.94, with a volume of 2624 shares changing hands. The stock had previously closed at $85.69.

Pacer Trendpilot 100 ETF Stock Performance

The firm has a market cap of $1.34 billion, a PE ratio of 33.04 and a beta of 0.63. The company’s 50-day simple moving average is $77.30 and its two-hundred day simple moving average is $78.55.

Institutional Investors Weigh In On Pacer Trendpilot 100 ETF

Several institutional investors have recently added to or reduced their stakes in the company. Independent Financial Group LLC purchased a new stake in Pacer Trendpilot 100 ETF during the 1st quarter valued at $375,000. Bank of New York Mellon Corp boosted its position in Pacer Trendpilot 100 ETF by 28.2% during the 1st quarter. Bank of New York Mellon Corp now owns 5,013 shares of the company’s stock valued at $366,000 after buying an additional 1,102 shares during the period. Retirement Planning Group LLC purchased a new stake in Pacer Trendpilot 100 ETF during the 1st quarter valued at $572,000. HBW Advisory Services LLC raised its holdings in Pacer Trendpilot 100 ETF by 12.0% in the 1st quarter. HBW Advisory Services LLC now owns 3,932 shares of the company’s stock worth $287,000 after purchasing an additional 421 shares in the last quarter. Finally, Fifth Third Bancorp bought a new position in Pacer Trendpilot 100 ETF in the 1st quarter worth $741,000.

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.