Royal Bank of Canada Reduces Holdings in Pacer Trendpilot 100 ETF $PTNQ

Royal Bank of Canada lowered its stake in shares of Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) by 10.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 160,648 shares of the company’s stock after selling 18,815 shares during the quarter. Royal Bank of Canada owned about 1.04% of Pacer Trendpilot 100 ETF worth $11,720,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Motiv8 Investments LLC acquired a new position in Pacer Trendpilot 100 ETF during the 4th quarter valued at approximately $35,000. Farther Finance Advisors LLC purchased a new position in shares of Pacer Trendpilot 100 ETF in the fourth quarter worth $40,000. Arax Advisory Partners acquired a new stake in shares of Pacer Trendpilot 100 ETF during the fourth quarter worth $40,000. Flagship Harbor Advisors LLC acquired a new stake in shares of Pacer Trendpilot 100 ETF during the fourth quarter worth $55,000. Finally, Realta Investment Advisors purchased a new stake in shares of Pacer Trendpilot 100 ETF during the first quarter valued at $55,000.

Pacer Trendpilot 100 ETF Price Performance

NASDAQ PTNQ opened at $87.15 on Friday. The company has a market cap of $1.25 billion, a price-to-earnings ratio of 33.04 and a beta of 0.66. The stock’s fifty day moving average price is $86.11 and its 200 day moving average price is $81.47. Pacer Trendpilot 100 ETF has a 1 year low of $71.56 and a 1 year high of $90.15.

About Pacer Trendpilot 100 ETF

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.