Merit Financial Group LLC Makes New $331,000 Investment in Pacer Trendpilot 100 ETF (NASDAQ:PTNQ)

Merit Financial Group LLC acquired a new stake in shares of Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 4,474 shares of the company’s stock, valued at approximately $331,000.

Several other large investors have also modified their holdings of PTNQ. Brookstone Capital Management increased its position in Pacer Trendpilot 100 ETF by 1,078.2% in the 4th quarter. Brookstone Capital Management now owns 165,103 shares of the company’s stock worth $12,221,000 after purchasing an additional 151,090 shares during the last quarter. Proactive Wealth Strategies LLC bought a new stake in Pacer Trendpilot 100 ETF in the third quarter worth $1,414,000. Prospera Financial Services Inc increased its position in Pacer Trendpilot 100 ETF by 42.5% during the third quarter. Prospera Financial Services Inc now owns 51,499 shares of the company’s stock worth $3,777,000 after buying an additional 15,369 shares during the last quarter. Ameritas Advisory Services LLC raised its holdings in Pacer Trendpilot 100 ETF by 29.6% during the third quarter. Ameritas Advisory Services LLC now owns 39,918 shares of the company’s stock valued at $2,927,000 after buying an additional 9,110 shares in the last quarter. Finally, Vienna Asset Management LLC lifted its position in shares of Pacer Trendpilot 100 ETF by 21.8% in the third quarter. Vienna Asset Management LLC now owns 39,176 shares of the company’s stock worth $2,873,000 after buying an additional 7,021 shares during the last quarter.

Pacer Trendpilot 100 ETF Trading Down 0.3 %

Shares of PTNQ stock opened at $75.82 on Friday. Pacer Trendpilot 100 ETF has a 1 year low of $66.13 and a 1 year high of $77.83. The firm’s fifty day simple moving average is $75.45 and its 200 day simple moving average is $73.51. The firm has a market capitalization of $1.37 billion, a P/E ratio of 35.78 and a beta of 0.68.

Pacer Trendpilot 100 ETF Announces Dividend

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

Pacer Trendpilot 100 ETF 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.