Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) Sees Unusually-High Trading Volume – What’s Next?

Shares of Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) saw an uptick in trading volume on Friday . 51,924 shares changed hands during mid-day trading, a decline of 14% from the previous session’s volume of 60,562 shares.The stock last traded at $71.28 and had previously closed at $70.83.

Pacer Trendpilot 100 ETF Stock Performance

The firm has a market cap of $1.30 billion, a P/E ratio of 31.17 and a beta of 0.68. The stock has a fifty day simple moving average of $74.56 and a 200 day simple moving average of $74.25.

Pacer Trendpilot 100 ETF Announces Dividend

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

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of PTNQ. Raymond James Financial Inc. acquired a new position in Pacer Trendpilot 100 ETF in the fourth quarter valued at approximately $58,178,000. Brookstone Capital Management lifted its holdings in Pacer Trendpilot 100 ETF by 1,078.2% in the fourth quarter. Brookstone Capital Management now owns 165,103 shares of the company’s stock valued at $12,221,000 after acquiring an additional 151,090 shares during the period. Creative Financial Designs Inc. ADV lifted its holdings in Pacer Trendpilot 100 ETF by 124.9% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 155,076 shares of the company’s stock valued at $11,479,000 after acquiring an additional 86,135 shares during the period. LPL Financial LLC lifted its holdings in Pacer Trendpilot 100 ETF by 6.6% in the fourth quarter. LPL Financial LLC now owns 1,343,781 shares of the company’s stock valued at $99,467,000 after acquiring an additional 83,719 shares during the period. Finally, Advisor Resource Council acquired a new position in Pacer Trendpilot 100 ETF in the fourth quarter valued at approximately $2,552,000.

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.