Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) Sees Unusually-High Trading Volume – Here’s Why

Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) shares saw an uptick in trading volume on Wednesday . 147,913 shares changed hands during mid-day trading, an increase of 302% from the previous session’s volume of 36,833 shares.The stock last traded at $85.75 and had previously closed at $85.20.

Pacer Trendpilot 100 ETF Stock Performance

The company has a market cap of $1.33 billion, a price-to-earnings ratio of 33.04 and a beta of 0.63. The company has a 50-day simple moving average of $77.67 and a 200-day simple moving average of $78.65.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Empirical Finance LLC acquired a new position in shares of Pacer Trendpilot 100 ETF during the 1st quarter worth $3,455,000. Independent Financial Group LLC acquired a new stake in shares of Pacer Trendpilot 100 ETF in the first quarter valued at about $375,000. Bank of New York Mellon Corp boosted its holdings in Pacer Trendpilot 100 ETF by 28.2% during the first quarter. Bank of New York Mellon Corp now owns 5,013 shares of the company’s stock worth $366,000 after buying an additional 1,102 shares in the last quarter. Retirement Planning Group LLC purchased a new stake in Pacer Trendpilot 100 ETF during the first quarter worth about $572,000. Finally, HBW Advisory Services LLC grew its position in Pacer Trendpilot 100 ETF by 12.0% during the first quarter. HBW Advisory Services LLC now owns 3,932 shares of the company’s stock worth $287,000 after buying an additional 421 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.