Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) Hits New 12-Month High – Still a Buy?

Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) hit a new 52-week high during trading on Tuesday . The company traded as high as $90.15 and last traded at $90.1510, with a volume of 26714 shares changing hands. The stock had previously closed at $89.45.

Pacer Trendpilot 100 ETF Stock Performance

The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of 33.04 and a beta of 0.66. The firm’s 50 day simple moving average is $85.64 and its 200 day simple moving average is $83.25.

Institutional Investors Weigh In On Pacer Trendpilot 100 ETF

A number of institutional investors have recently modified their holdings of PTNQ. Motiv8 Investments LLC acquired a new stake in Pacer Trendpilot 100 ETF in the 4th quarter valued at $35,000. Trust Co. of Vermont purchased a new stake in shares of Pacer Trendpilot 100 ETF in the second quarter valued at approximately $61,000. Realta Investment Advisors acquired a new stake in shares of Pacer Trendpilot 100 ETF in the 1st quarter worth $55,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in Pacer Trendpilot 100 ETF during the fourth quarter worth about $73,000. Finally, Continuum Advisory LLC acquired a new stake in shares of Pacer Trendpilot 100 ETF during the 2nd quarter worth approximately $94,000.

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.