Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) Reaches New 52-Week High – Should You Buy?

Pacer Trendpilot 100 ETF (NASDAQ:PTNQ)’s stock price hit a new 52-week high on Tuesday . The company traded as high as $87.57 and last traded at $87.31, with a volume of 2020 shares traded. The stock had previously closed at $86.04.

Pacer Trendpilot 100 ETF Stock Performance

The business’s 50 day moving average price is $78.82 and its two-hundred day moving average price is $78.87. The company has a market capitalization of $1.36 billion, a price-to-earnings ratio of 33.04 and a beta of 0.63.

Institutional Trading of Pacer Trendpilot 100 ETF

Institutional investors have recently made changes to their positions in the stock. Cetera Investment Advisers lifted its holdings in shares of Pacer Trendpilot 100 ETF by 0.7% in the fourth quarter. Cetera Investment Advisers now owns 649,198 shares of the company’s stock valued at $51,059,000 after buying an additional 4,397 shares during the period. UBS Group AG lifted its holdings in shares of Pacer Trendpilot 100 ETF by 2.8% in the fourth quarter. UBS Group AG now owns 256,991 shares of the company’s stock valued at $20,212,000 after buying an additional 7,090 shares during the period. Creative Financial Designs Inc. ADV lifted its holdings in shares of Pacer Trendpilot 100 ETF by 1.6% in the third quarter. Creative Financial Designs Inc. ADV now owns 183,837 shares of the company’s stock valued at $14,253,000 after buying an additional 2,876 shares during the period. Geneos Wealth Management Inc. lifted its holdings in shares of Pacer Trendpilot 100 ETF by 5.7% in the fourth quarter. Geneos Wealth Management Inc. now owns 179,275 shares of the company’s stock valued at $14,100,000 after buying an additional 9,693 shares during the period. Finally, NewEdge Advisors LLC lifted its holdings in shares of Pacer Trendpilot 100 ETF by 0.7% in the fourth quarter. NewEdge Advisors LLC now owns 153,524 shares of the company’s stock valued at $12,075,000 after buying an additional 1,048 shares during the period.

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.