Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) Sees Large Volume Increase – Still a Buy?

Pacer Trendpilot 100 ETF (NASDAQ:PTNQGet Free Report) saw unusually-strong trading volume on Thursday . Approximately 224,249 shares traded hands during mid-day trading, an increase of 518% from the previous session’s volume of 36,279 shares.The stock last traded at $85.63 and had previously closed at $86.40.

Pacer Trendpilot 100 ETF Price Performance

The stock has a market cap of $1.23 billion, a price-to-earnings ratio of 33.04 and a beta of 0.66. The company’s 50 day moving average is $86.10 and its 200 day moving average is $81.90.

Institutional Trading of Pacer Trendpilot 100 ETF

A number of institutional investors have recently bought and sold shares of the company. UBS Group AG grew its position in shares of Pacer Trendpilot 100 ETF by 2.8% in the fourth quarter. UBS Group AG now owns 256,991 shares of the company’s stock valued at $20,212,000 after purchasing an additional 7,090 shares during the last quarter. Ashton Thomas Securities LLC purchased a new stake in Pacer Trendpilot 100 ETF in the 1st quarter valued at about $2,682,000. Rockefeller Capital Management L.P. raised its stake in Pacer Trendpilot 100 ETF by 18.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 105,316 shares of the company’s stock worth $8,283,000 after purchasing an additional 16,466 shares during the period. Kestra Advisory Services LLC increased its position in shares of Pacer Trendpilot 100 ETF by 26.7% in the first quarter. Kestra Advisory Services LLC now owns 69,636 shares of the company’s stock worth $5,081,000 after acquiring an additional 14,691 shares in the last quarter. Finally, Retirement Planning Group LLC acquired a new stake in Pacer Trendpilot 100 ETF in the 1st quarter valued at $572,000.

About Pacer Trendpilot 100 ETF

(Get Free Report)

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.

See Also

Receive News & Ratings for Pacer Trendpilot 100 ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pacer Trendpilot 100 ETF and related companies with MarketBeat.com's FREE daily email newsletter.