Private Advisor Group LLC Increases Holdings in Pacer Trendpilot 100 ETF (NASDAQ:PTNQ)

Private Advisor Group LLC boosted its stake in shares of Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) by 7.7% during the 4th quarter, HoldingsChannel reports. The fund owned 55,299 shares of the company’s stock after purchasing an additional 3,965 shares during the period. Private Advisor Group LLC’s holdings in Pacer Trendpilot 100 ETF were worth $4,093,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PTNQ. Assetmark Inc. bought a new stake in shares of Pacer Trendpilot 100 ETF in the 3rd quarter worth about $31,000. Kestra Investment Management LLC purchased a new stake in Pacer Trendpilot 100 ETF in the 4th quarter worth about $38,000. JPMorgan Chase & Co. lifted its stake in Pacer Trendpilot 100 ETF by 259.9% in the third quarter. JPMorgan Chase & Co. now owns 1,429 shares of the company’s stock worth $105,000 after purchasing an additional 1,032 shares during the last quarter. Tyche Wealth Partners LLC bought a new position in shares of Pacer Trendpilot 100 ETF during the third quarter valued at approximately $202,000. Finally, Sanctuary Advisors LLC purchased a new stake in shares of Pacer Trendpilot 100 ETF in the fourth quarter worth approximately $229,000.

Pacer Trendpilot 100 ETF Stock Performance

Shares of PTNQ stock opened at $75.55 on Monday. The stock has a 50 day moving average price of $75.47 and a 200 day moving average price of $74.08. Pacer Trendpilot 100 ETF has a 52-week low of $66.14 and a 52-week high of $77.83. The firm has a market capitalization of $1.36 billion, a P/E ratio of 34.58 and a beta of 0.68.

Pacer Trendpilot 100 ETF Announces Dividend

The business also recently announced a dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, December 27th were paid a dividend of $1.4487 per share. The ex-dividend date of this dividend was Friday, December 27th.

Pacer Trendpilot 100 ETF Company Profile

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.