Envestnet Asset Management Inc. Decreases Stake in Pacer Trendpilot 100 ETF $PTNQ

Envestnet Asset Management Inc. lessened its position in shares of Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) by 16.2% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 79,069 shares of the company’s stock after selling 15,332 shares during the period. Envestnet Asset Management Inc.’s holdings in Pacer Trendpilot 100 ETF were worth $5,643,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Trust Co. of Vermont purchased a new stake in shares of Pacer Trendpilot 100 ETF during the 2nd quarter worth $66,000. Assetmark Inc. raised its stake in Pacer Trendpilot 100 ETF by 494.8% in the first quarter. Assetmark Inc. now owns 2,522 shares of the company’s stock valued at $179,000 after buying an additional 2,098 shares in the last quarter. HBW Advisory Services LLC purchased a new stake in Pacer Trendpilot 100 ETF during the 2nd quarter worth about $237,000. Schmidt P J Investment Management Inc. boosted its position in shares of Pacer Trendpilot 100 ETF by 24.2% during the 1st quarter. Schmidt P J Investment Management Inc. now owns 3,363 shares of the company’s stock worth $239,000 after acquiring an additional 655 shares in the last quarter. Finally, Baird Financial Group Inc. acquired a new position in shares of Pacer Trendpilot 100 ETF during the 1st quarter worth about $244,000.

Pacer Trendpilot 100 ETF Stock Performance

Shares of NASDAQ PTNQ opened at $80.13 on Thursday. The stock’s 50-day simple moving average is $78.07 and its 200-day simple moving average is $73.12. The firm has a market capitalization of $1.31 billion, a PE ratio of 33.04 and a beta of 0.55. Pacer Trendpilot 100 ETF has a fifty-two week low of $65.21 and a fifty-two week high of $82.21.

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.