Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) Sees Strong Trading Volume

Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) saw unusually-strong trading volume on Monday . Approximately 34,545 shares were traded during trading, a decline of 34% from the previous session’s volume of 52,193 shares.The stock last traded at $72.78 and had previously closed at $72.65.

Pacer Trendpilot 100 ETF Stock Performance

The stock has a market cap of $1.30 billion, a PE ratio of 35.78 and a beta of 0.68. The business has a 50-day moving average of $71.31 and a 200 day moving average of $70.23.

Institutional Trading of Pacer Trendpilot 100 ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Concourse Financial Group Securities Inc. purchased a new stake in Pacer Trendpilot 100 ETF in the 1st quarter valued at about $27,000. Ridgewood Investments LLC purchased a new stake in Pacer Trendpilot 100 ETF in the 2nd quarter valued at about $40,000. Register Financial Advisors LLC purchased a new stake in shares of Pacer Trendpilot 100 ETF during the 1st quarter worth about $59,000. PSI Advisors LLC grew its holdings in shares of Pacer Trendpilot 100 ETF by 69.5% during the 2nd quarter. PSI Advisors LLC now owns 1,158 shares of the company’s stock worth $83,000 after purchasing an additional 475 shares during the period. Finally, EP Wealth Advisors LLC purchased a new stake in shares of Pacer Trendpilot 100 ETF during the 4th quarter worth about $101,000.

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.