Truist Financial Corp Has $6.21 Million Stake in Pacer Trendpilot 100 ETF (NASDAQ:PTNQ)

Truist Financial Corp trimmed its position in shares of Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) by 0.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 95,074 shares of the company’s stock after selling 549 shares during the period. Truist Financial Corp’s holdings in Pacer Trendpilot 100 ETF were worth $6,211,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PTNQ. Commonwealth Equity Services LLC raised its position in shares of Pacer Trendpilot 100 ETF by 0.8% in the third quarter. Commonwealth Equity Services LLC now owns 141,936 shares of the company’s stock valued at $8,721,000 after purchasing an additional 1,182 shares during the period. Stratos Wealth Partners LTD. raised its holdings in Pacer Trendpilot 100 ETF by 123.7% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 17,900 shares of the company’s stock worth $1,100,000 after acquiring an additional 9,897 shares during the period. DecisionPoint Financial LLC acquired a new position in Pacer Trendpilot 100 ETF during the 3rd quarter worth $46,000. Financial Advocates Investment Management boosted its holdings in Pacer Trendpilot 100 ETF by 4.3% during the third quarter. Financial Advocates Investment Management now owns 52,523 shares of the company’s stock valued at $3,227,000 after acquiring an additional 2,184 shares during the period. Finally, Zimmermann Investment Management & Planning LLC acquired a new stake in shares of Pacer Trendpilot 100 ETF in the third quarter valued at about $3,977,000.

Pacer Trendpilot 100 ETF Stock Up 1.1 %

PTNQ opened at $68.04 on Friday. Pacer Trendpilot 100 ETF has a 12-month low of $53.97 and a 12-month high of $69.10. The firm has a market capitalization of $1.20 billion, a P/E ratio of 34.73 and a beta of 0.68. The stock’s 50 day moving average price is $68.04 and its two-hundred day moving average price is $66.05.

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.