Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) Trading 1.1% Higher – What’s Next?

Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) shares rose 1.1% during mid-day trading on Monday . The company traded as high as $77.02 and last traded at $76.79. Approximately 35,716 shares changed hands during trading, a decline of 5% from the average daily volume of 37,640 shares. The stock had previously closed at $75.93.

Pacer Trendpilot 100 ETF Stock Up 1.1%

The firm has a 50 day moving average price of $78.43 and a 200 day moving average price of $78.37. The stock has a market cap of $1.24 billion, a PE ratio of 33.04 and a beta of 0.55.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Motiv8 Investments LLC purchased a new stake in shares of Pacer Trendpilot 100 ETF in the 4th quarter worth approximately $35,000. Farther Finance Advisors LLC purchased a new position in Pacer Trendpilot 100 ETF during the fourth quarter valued at approximately $40,000. Arax Advisory Partners purchased a new position in Pacer Trendpilot 100 ETF during the fourth quarter valued at approximately $40,000. Bank of Montreal Can bought a new position in Pacer Trendpilot 100 ETF in the second quarter worth approximately $43,000. Finally, Flagship Harbor Advisors LLC bought a new position in Pacer Trendpilot 100 ETF in the fourth quarter worth approximately $55,000.

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.