Pacer Trendpilot US Large Cap ETF (BATS:PTLC) Reaches New 12-Month High – Here’s Why

Pacer Trendpilot US Large Cap ETF (BATS:PTLC) shares reached a new 52-week high during trading on Monday . The stock traded as high as $59.15 and last traded at $59.12, with a volume of 62774 shares traded. The stock had previously closed at $58.24.

Pacer Trendpilot US Large Cap ETF Price Performance

The firm has a market capitalization of $3.87 billion, a price-to-earnings ratio of 25.78 and a beta of 0.60. The stock has a 50 day moving average price of $58.06 and a two-hundred day moving average price of $56.34.

Hedge Funds Weigh In On Pacer Trendpilot US Large Cap ETF

Several institutional investors have recently bought and sold shares of PTLC. Ancora Advisors LLC purchased a new stake in Pacer Trendpilot US Large Cap ETF during the third quarter worth about $57,000. Sankala Group LLC acquired a new stake in shares of Pacer Trendpilot US Large Cap ETF during the fourth quarter worth about $77,000. Realta Investment Advisors boosted its stake in shares of Pacer Trendpilot US Large Cap ETF by 179.9% in the first quarter. Realta Investment Advisors now owns 1,528 shares of the company’s stock valued at $80,000 after purchasing an additional 982 shares during the period. Root Financial Partners LLC purchased a new position in shares of Pacer Trendpilot US Large Cap ETF in the fourth quarter valued at approximately $136,000. Finally, Benjamin Edwards Inc. acquired a new position in shares of Pacer Trendpilot US Large Cap ETF in the second quarter valued at approximately $208,000.

Pacer Trendpilot US Large Cap ETF Company Profile

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.