Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) Reaches New 1-Year Low – Here’s Why

Shares of Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) reached a new 52-week low on Tuesday . The company traded as low as $66.82 and last traded at $66.82, with a volume of 80951 shares. The stock had previously closed at $67.37.

Pacer Trendpilot 100 ETF Stock Performance

The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of 28.59 and a beta of 0.68. The business’s 50 day simple moving average is $68.63 and its 200-day simple moving average is $72.84.

Institutional Investors Weigh In On Pacer Trendpilot 100 ETF

A number of hedge funds and other institutional investors have recently modified their holdings of PTNQ. OLD Point Trust & Financial Services N A bought a new stake in shares of Pacer Trendpilot 100 ETF during the 4th quarter worth about $33,000. Kestra Investment Management LLC bought a new stake in Pacer Trendpilot 100 ETF during the fourth quarter worth approximately $38,000. Register Financial Advisors LLC acquired a new stake in Pacer Trendpilot 100 ETF in the first quarter worth approximately $62,000. Midwest Capital Advisors LLC bought a new position in Pacer Trendpilot 100 ETF during the 4th quarter valued at $64,000. Finally, Aptus Capital Advisors LLC acquired a new position in shares of Pacer Trendpilot 100 ETF during the 4th quarter valued at $74,000.

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.