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

Pacer Trendpilot 100 ETF (NASDAQ:PTNQ)’s share price reached a new 52-week high during trading on Friday. The company traded as high as $90.58 and last traded at $90.7440, with a volume of 985 shares traded. The stock had previously closed at $89.47.

Pacer Trendpilot 100 ETF Stock Up 1.4%

The firm has a 50 day simple moving average of $86.35 and a 200-day simple moving average of $83.93. The stock has a market cap of $1.31 billion, a P/E ratio of 33.04 and a beta of 0.66.

Institutional Trading of Pacer Trendpilot 100 ETF

Hedge funds have recently modified their holdings of the stock. QRG Capital Management Inc. bought a new position in Pacer Trendpilot 100 ETF in the 2nd quarter valued at about $253,000. NewEdge Advisors LLC boosted its stake in Pacer Trendpilot 100 ETF by 3.2% in the 2nd quarter. NewEdge Advisors LLC now owns 158,702 shares of the company’s stock valued at $14,069,000 after purchasing an additional 4,984 shares during the period. Citadel Advisors LLC boosted its stake in Pacer Trendpilot 100 ETF by 138.7% in the 2nd quarter. Citadel Advisors LLC now owns 36,578 shares of the company’s stock valued at $3,243,000 after purchasing an additional 21,252 shares during the period. Ameritas Advisory Services LLC grew its holdings in Pacer Trendpilot 100 ETF by 53.9% in the 2nd quarter. Ameritas Advisory Services LLC now owns 6,046 shares of the company’s stock valued at $536,000 after buying an additional 2,117 shares in the last quarter. Finally, Unique Wealth LLC grew its holdings in Pacer Trendpilot 100 ETF by 324.6% in the 2nd quarter. Unique Wealth LLC now owns 12,913 shares of the company’s stock valued at $1,145,000 after buying an additional 9,872 shares in the last quarter.

About Pacer Trendpilot 100 ETF

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.