Fifth Third Bancorp Makes New $741,000 Investment in Pacer Trendpilot 100 ETF $PTNQ

Fifth Third Bancorp purchased a new position in Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) in the first quarter, HoldingsChannel reports. The institutional investor purchased 10,154 shares of the company’s stock, valued at approximately $741,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Motiv8 Investments LLC purchased a new stake in shares of Pacer Trendpilot 100 ETF during the fourth quarter valued at $35,000. Farther Finance Advisors LLC purchased a new position in Pacer Trendpilot 100 ETF in the 4th quarter worth $40,000. Arax Advisory Partners acquired a new stake in Pacer Trendpilot 100 ETF during the 4th quarter worth about $40,000. Flagship Harbor Advisors LLC acquired a new stake in Pacer Trendpilot 100 ETF during the 4th quarter worth about $55,000. Finally, Realta Investment Advisors purchased a new stake in Pacer Trendpilot 100 ETF during the 1st quarter valued at about $55,000.

Pacer Trendpilot 100 ETF Stock Performance

Shares of PTNQ stock opened at $82.26 on Tuesday. The stock’s 50-day simple moving average is $86.61 and its 200-day simple moving average is $81.20. The firm has a market capitalization of $1.19 billion, a PE ratio of 33.04 and a beta of 0.65. Pacer Trendpilot 100 ETF has a fifty-two week low of $71.25 and a fifty-two week high of $90.15.

Pacer Trendpilot 100 ETF 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.