Envestnet Asset Management Inc. Sells 5,393 Shares of Pacer Trendpilot 100 ETF (NASDAQ:PTNQ)

Envestnet Asset Management Inc. lowered its stake in Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) by 7.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 65,806 shares of the company’s stock after selling 5,393 shares during the period. Envestnet Asset Management Inc. owned approximately 0.36% of Pacer Trendpilot 100 ETF worth $4,871,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. OLD Point Trust & Financial Services N A purchased a new position in Pacer Trendpilot 100 ETF in the 4th quarter worth approximately $33,000. Kestra Investment Management LLC bought a new position in shares of Pacer Trendpilot 100 ETF in the fourth quarter worth approximately $38,000. Midwest Capital Advisors LLC purchased a new position in shares of Pacer Trendpilot 100 ETF in the fourth quarter worth $64,000. Noble Wealth Management PBC bought a new stake in Pacer Trendpilot 100 ETF during the 4th quarter valued at $85,000. Finally, JPMorgan Chase & Co. raised its holdings in Pacer Trendpilot 100 ETF by 259.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,429 shares of the company’s stock valued at $105,000 after buying an additional 1,032 shares during the last quarter.

Pacer Trendpilot 100 ETF Stock Down 0.0 %

Shares of Pacer Trendpilot 100 ETF stock opened at $67.25 on Wednesday. The company’s fifty day simple moving average is $71.22 and its two-hundred day simple moving average is $73.69. Pacer Trendpilot 100 ETF has a 12-month low of $66.64 and a 12-month high of $77.83. The firm has a market cap of $1.21 billion, a PE ratio of 28.53 and a beta of 0.68.

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.