Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) Shares Gap Down – Should You Sell?

Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) shares gapped down before the market opened on Friday . The stock had previously closed at $77.15, but opened at $75.36. Pacer Trendpilot 100 ETF shares last traded at $75.06, with a volume of 4,455 shares.

Pacer Trendpilot 100 ETF Price Performance

The stock has a market cap of $1.36 billion, a price-to-earnings ratio of 35.78 and a beta of 0.68. The stock’s 50 day simple moving average is $75.31 and its two-hundred day simple moving average is $73.19.

Pacer Trendpilot 100 ETF Announces Dividend

The firm also recently announced a dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, December 27th will be paid a $1.4487 dividend. The ex-dividend date of this dividend is Friday, December 27th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Concurrent Investment Advisors LLC grew its stake in shares of Pacer Trendpilot 100 ETF by 0.6% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 28,711 shares of the company’s stock valued at $2,070,000 after purchasing an additional 183 shares during the period. MML Investors Services LLC grew its position in Pacer Trendpilot 100 ETF by 0.5% in the third quarter. MML Investors Services LLC now owns 39,392 shares of the company’s stock valued at $2,889,000 after acquiring an additional 195 shares during the period. Financial Services Advisory Inc raised its stake in Pacer Trendpilot 100 ETF by 1.0% during the third quarter. Financial Services Advisory Inc now owns 23,219 shares of the company’s stock worth $1,703,000 after acquiring an additional 233 shares in the last quarter. Trustmark National Bank Trust Department raised its stake in Pacer Trendpilot 100 ETF by 5.2% during the third quarter. Trustmark National Bank Trust Department now owns 4,818 shares of the company’s stock worth $353,000 after acquiring an additional 240 shares in the last quarter. Finally, Harbour Investments Inc. lifted its holdings in shares of Pacer Trendpilot 100 ETF by 2.3% during the third quarter. Harbour Investments Inc. now owns 12,075 shares of the company’s stock valued at $885,000 after acquiring an additional 277 shares during the period.

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.