Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) Sees Strong Trading Volume – Still a Buy?

Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) shares saw strong trading volume on Monday . 220,336 shares were traded during trading, an increase of 528% from the previous session’s volume of 35,105 shares.The stock last traded at $89.0710 and had previously closed at $86.95.

Pacer Trendpilot 100 ETF Stock Up 2.6%

The stock has a 50-day simple moving average of $85.57 and a 200 day simple moving average of $83.16. The company has a market cap of $1.28 billion, a PE ratio of 33.04 and a beta of 0.66.

Institutional Trading of Pacer Trendpilot 100 ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Empirical Finance LLC acquired a new position in Pacer Trendpilot 100 ETF during the 1st quarter worth about $3,455,000. Ashton Thomas Securities LLC acquired a new position in Pacer Trendpilot 100 ETF in the 1st quarter valued at about $2,682,000. One Capital Management LLC purchased a new stake in Pacer Trendpilot 100 ETF during the fourth quarter worth about $2,836,000. Citadel Advisors LLC increased its stake in Pacer Trendpilot 100 ETF by 138.7% during the second quarter. Citadel Advisors LLC now owns 36,578 shares of the company’s stock worth $3,243,000 after purchasing an additional 21,252 shares during the period. Finally, Rockefeller Capital Management L.P. lifted its position in shares of Pacer Trendpilot 100 ETF by 18.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 105,316 shares of the company’s stock worth $8,283,000 after purchasing an additional 16,466 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.