Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) Sees Unusually-High Trading Volume – Time to Buy?

Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) shares saw unusually-high trading volume on Friday . Approximately 41,301 shares changed hands during mid-day trading, an increase of 16% from the previous session’s volume of 35,737 shares.The stock last traded at $80.0660 and had previously closed at $81.07.

Pacer Trendpilot 100 ETF Stock Performance

The firm has a market cap of $1.28 billion, a price-to-earnings ratio of 33.04 and a beta of 0.55. The stock has a 50-day moving average of $79.71 and a 200-day moving average of $77.43.

Institutional Investors Weigh In On Pacer Trendpilot 100 ETF

Institutional investors have recently bought and sold shares of the stock. Baird Financial Group Inc. bought a new stake in Pacer Trendpilot 100 ETF in the 1st quarter worth about $244,000. Janney Montgomery Scott LLC increased its holdings in Pacer Trendpilot 100 ETF by 6.9% in the 2nd quarter. Janney Montgomery Scott LLC now owns 27,656 shares of the company’s stock worth $1,974,000 after acquiring an additional 1,788 shares during the last quarter. MBL Wealth LLC purchased a new position in shares of Pacer Trendpilot 100 ETF in the second quarter worth about $3,382,000. DAVENPORT & Co LLC grew its stake in Pacer Trendpilot 100 ETF by 2.1% in the 2nd quarter. DAVENPORT & Co LLC now owns 8,344 shares of the company’s stock valued at $596,000 after buying an additional 175 shares in the last quarter. Finally, IFP Advisors Inc grew its position in shares of Pacer Trendpilot 100 ETF by 27.9% in the second quarter. IFP Advisors Inc now owns 5,818 shares of the company’s stock valued at $415,000 after purchasing an additional 1,269 shares in the last quarter.

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.