Merit Financial Group LLC Has $266,000 Stock Holdings in Pacer Trendpilot 100 ETF (NASDAQ:PTNQ)

Merit Financial Group LLC decreased its stake in Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) by 16.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,746 shares of the company’s stock after selling 728 shares during the period. Merit Financial Group LLC’s holdings in Pacer Trendpilot 100 ETF were worth $266,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Citadel Advisors LLC acquired a new stake in shares of Pacer Trendpilot 100 ETF in the fourth quarter valued at about $468,000. Ameriprise Financial Inc. increased its stake in shares of Pacer Trendpilot 100 ETF by 10.6% in the fourth quarter. Ameriprise Financial Inc. now owns 11,936 shares of the company’s stock valued at $884,000 after buying an additional 1,145 shares during the period. Sanctuary Advisors LLC acquired a new stake in shares of Pacer Trendpilot 100 ETF in the fourth quarter valued at about $229,000. Orion Portfolio Solutions LLC increased its stake in shares of Pacer Trendpilot 100 ETF by 12.6% in the fourth quarter. Orion Portfolio Solutions LLC now owns 10,743 shares of the company’s stock valued at $795,000 after buying an additional 1,201 shares during the period. Finally, IFP Advisors Inc increased its stake in shares of Pacer Trendpilot 100 ETF by 43.8% in the fourth quarter. IFP Advisors Inc now owns 1,516 shares of the company’s stock valued at $112,000 after buying an additional 462 shares during the period.

Pacer Trendpilot 100 ETF Trading Up 0.1%

Shares of PTNQ stock opened at $68.86 on Friday. The stock has a market cap of $1.25 billion, a price-to-earnings ratio of 28.62 and a beta of 0.68. The stock has a 50-day moving average of $67.34 and a 200-day moving average of $71.96. Pacer Trendpilot 100 ETF has a 1-year low of $65.21 and a 1-year high of $77.83.

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.