Pacer Trendpilot US Large Cap ETF (BATS:PTLC) Reaches New 1-Year High – Here’s Why

Shares of Pacer Trendpilot US Large Cap ETF (BATS:PTLC) hit a new 52-week high on Friday . The stock traded as high as $56.56 and last traded at $56.31, with a volume of 113986 shares. The stock had previously closed at $56.24.

Pacer Trendpilot US Large Cap ETF Price Performance

The firm has a market cap of $3.69 billion, a P/E ratio of 25.78 and a beta of 0.60. The firm’s 50 day moving average is $55.28 and its 200 day moving average is $52.69.

Institutional Investors Weigh In On Pacer Trendpilot US Large Cap ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. PNC Financial Services Group Inc. lifted its stake in Pacer Trendpilot US Large Cap ETF by 5.8% in the first quarter. PNC Financial Services Group Inc. now owns 20,168 shares of the company’s stock worth $1,038,000 after acquiring an additional 1,110 shares during the period. One Degree Advisors Inc increased its holdings in shares of Pacer Trendpilot US Large Cap ETF by 50.2% during the first quarter. One Degree Advisors Inc now owns 10,998 shares of the company’s stock valued at $565,000 after acquiring an additional 3,676 shares in the last quarter. Koss Olinger Consulting LLC lifted its stake in shares of Pacer Trendpilot US Large Cap ETF by 0.7% during the first quarter. Koss Olinger Consulting LLC now owns 606,355 shares of the company’s stock worth $31,197,000 after buying an additional 3,981 shares during the period. SouthState Corp acquired a new stake in Pacer Trendpilot US Large Cap ETF during the 1st quarter worth about $140,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Pacer Trendpilot US Large Cap ETF by 355.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 10,551 shares of the company’s stock valued at $543,000 after acquiring an additional 8,232 shares during the last quarter.

About Pacer Trendpilot US Large Cap ETF

The Pacer Trendpilot US Large Cap ETF (PTLC) is an exchange-traded fund that is based on the Pacer Trendpilot US Large Cap index. The fund tracks an index that allocates to a proprietary US large-cap index and\u002For 3-month US T-bills, according to momentum. PTLC was launched on Jun 11, 2015 and is managed by Pacer.