Pacer Trendpilot US Large Cap ETF (BATS:PTLC) Reaches New 1-Year High – Here’s Why

Pacer Trendpilot US Large Cap ETF (BATS:PTLC) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $56.56 and last traded at $56.44, with a volume of 113986 shares traded. The stock had previously closed at $56.24.

Pacer Trendpilot US Large Cap ETF Price Performance

The stock’s 50 day simple moving average is $55.66 and its two-hundred day simple moving average is $53.49. The stock has a market capitalization of $3.72 billion, a PE ratio of 25.78 and a beta of 0.60.

Institutional Trading of Pacer Trendpilot US Large Cap ETF

A number of large investors have recently bought and sold shares of the company. Sfmg LLC purchased a new position in shares of Pacer Trendpilot US Large Cap ETF during the 2nd quarter valued at $114,079,000. CFS Investment Advisory Services LLC lifted its holdings in Pacer Trendpilot US Large Cap ETF by 1.3% during the third quarter. CFS Investment Advisory Services LLC now owns 2,071,644 shares of the company’s stock valued at $115,287,000 after purchasing an additional 27,592 shares during the last quarter. Osaic Holdings Inc. boosted its position in Pacer Trendpilot US Large Cap ETF by 21.0% during the second quarter. Osaic Holdings Inc. now owns 1,335,894 shares of the company’s stock worth $67,811,000 after purchasing an additional 231,753 shares during the period. Ameriprise Financial Inc. increased its stake in shares of Pacer Trendpilot US Large Cap ETF by 654.2% in the first quarter. Ameriprise Financial Inc. now owns 1,248,954 shares of the company’s stock worth $64,251,000 after purchasing an additional 1,083,347 shares in the last quarter. Finally, Royal Bank of Canada increased its stake in shares of Pacer Trendpilot US Large Cap ETF by 19.3% in the first quarter. Royal Bank of Canada now owns 830,522 shares of the company’s stock worth $42,731,000 after purchasing an additional 134,589 shares in the last quarter.

Pacer Trendpilot US Large Cap ETF Company Profile

The Pacer Trendpilot US Large Cap ETF (PTLC) is an exchange-traded fund that is based on the Pacer Trendpilot US Large Cap index. The fund tracks an index that allocates to a proprietary US large-cap index and\u002For 3-month US T-bills, according to momentum. PTLC was launched on Jun 11, 2015 and is managed by Pacer.