Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) Shares Up 0% – Still a Buy?

Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) shares shot up 0% on Tuesday . The company traded as high as $73.71 and last traded at $73.68. 20,069 shares were traded during mid-day trading, a decline of 46% from the average session volume of 37,126 shares. The stock had previously closed at $73.67.

Pacer Trendpilot 100 ETF Stock Up 0.0%

The stock has a market capitalization of $1.16 billion, a PE ratio of 33.04 and a beta of 0.58. The business’s 50-day moving average is $76.67 and its two-hundred day moving average is $78.27.

Institutional Investors Weigh In On Pacer Trendpilot 100 ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. MBL Wealth LLC raised its holdings in shares of Pacer Trendpilot 100 ETF by 28.4% in the third quarter. MBL Wealth LLC now owns 60,855 shares of the company’s stock valued at $4,718,000 after buying an additional 13,470 shares during the last quarter. Bryn Mawr Trust Advisors LLC purchased a new stake in shares of Pacer Trendpilot 100 ETF in the third quarter valued at about $1,675,000. Geneos Wealth Management Inc. raised its holdings in shares of Pacer Trendpilot 100 ETF by 42.5% in the second quarter. Geneos Wealth Management Inc. now owns 183,469 shares of the company’s stock valued at $13,094,000 after buying an additional 54,682 shares during the last quarter. HighTower Advisors LLC raised its holdings in shares of Pacer Trendpilot 100 ETF by 16.2% in the third quarter. HighTower Advisors LLC now owns 88,636 shares of the company’s stock valued at $6,872,000 after buying an additional 12,371 shares during the last quarter. Finally, Napa Wealth Management purchased a new stake in shares of Pacer Trendpilot 100 ETF in the second quarter valued at about $1,857,000.

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.