Pacer Trendpilot US Large Cap ETF (BATS:PTLC) Reaches New 52-Week High – Here’s What Happened

Pacer Trendpilot US Large Cap ETF (BATS:PTLC)’s share price hit a new 52-week high on Tuesday . The company traded as high as $56.56 and last traded at $56.44, with a volume of 113986 shares traded. The stock had previously closed at $56.24.

Pacer Trendpilot US Large Cap ETF Stock Performance

The business has a 50 day moving average price of $55.57 and a 200-day moving average price of $53.42. The company has a market capitalization of $3.69 billion, a price-to-earnings ratio of 25.78 and a beta of 0.60.

Institutional Trading of Pacer Trendpilot US Large Cap ETF

Several hedge funds have recently modified their holdings of the stock. Sfmg LLC bought a new position in Pacer Trendpilot US Large Cap ETF during the second quarter worth $114,079,000. Ameriprise Financial Inc. raised its holdings in shares of Pacer Trendpilot US Large Cap ETF by 654.2% during the first quarter. Ameriprise Financial Inc. now owns 1,248,954 shares of the company’s stock valued at $64,251,000 after purchasing an additional 1,083,347 shares during the period. Osaic Holdings Inc. boosted its position in shares of Pacer Trendpilot US Large Cap ETF by 21.0% during the 2nd quarter. Osaic Holdings Inc. now owns 1,335,894 shares of the company’s stock worth $67,811,000 after purchasing an additional 231,753 shares in the last quarter. Deane Retirement Strategies Inc. grew its stake in shares of Pacer Trendpilot US Large Cap ETF by 98,262.0% in the 2nd quarter. Deane Retirement Strategies Inc. now owns 225,249 shares of the company’s stock valued at $11,431,000 after buying an additional 225,020 shares during the period. Finally, NewEdge Advisors LLC increased its position in Pacer Trendpilot US Large Cap ETF by 115.8% in the 2nd quarter. NewEdge Advisors LLC now owns 288,673 shares of the company’s stock valued at $14,653,000 after buying an additional 154,933 shares in 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.