Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) Shares Break Below 200 Day Moving Average – Should You Sell?

Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $83.16 and traded as low as $82.47. Pacer Trendpilot 100 ETF shares last traded at $83.15, with a volume of 15,531 shares trading hands.

Pacer Trendpilot 100 ETF Price Performance

The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of 33.04 and a beta of 0.65. The stock has a 50 day moving average price of $87.41 and a two-hundred day moving average price of $83.16.

Hedge Funds Weigh In On Pacer Trendpilot 100 ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Integrity Alliance LLC. acquired a new position in Pacer Trendpilot 100 ETF in the 3rd quarter valued at about $823,000. XML Financial LLC increased its stake in Pacer Trendpilot 100 ETF by 4.3% during the third quarter. XML Financial LLC now owns 10,109 shares of the company’s stock worth $902,000 after purchasing an additional 420 shares during the period. Victory Financial Group LLC purchased a new stake in Pacer Trendpilot 100 ETF during the third quarter worth about $207,000. Ashton Thomas Securities LLC acquired a new stake in shares of Pacer Trendpilot 100 ETF during the third quarter worth about $3,409,000. Finally, Oppenheimer & Co. Inc. acquired a new stake in shares of Pacer Trendpilot 100 ETF during the third quarter worth about $1,167,000.

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.