Pacer Trendpilot US Large Cap ETF (BATS:PTLC) Reaches New 52-Week High – Here’s Why

Pacer Trendpilot US Large Cap ETF (BATS:PTLC)’s stock price reached a new 52-week high on Tuesday . The company traded as high as $56.91 and last traded at $55.5520, with a volume of 38069 shares trading hands. The stock had previously closed at $56.70.

Pacer Trendpilot US Large Cap ETF Price Performance

The firm’s 50 day moving average price is $55.93 and its 200-day moving average price is $54.36. The stock has a market cap of $3.64 billion, a P/E ratio of 25.78 and a beta of 0.60.

Institutional Trading of Pacer Trendpilot US Large Cap ETF

Several institutional investors have recently added to or reduced their stakes in PTLC. Sfmg LLC bought a new stake in shares of Pacer Trendpilot US Large Cap ETF in the 2nd quarter worth $114,079,000. CFS Investment Advisory Services LLC boosted its position in shares of 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 buying an additional 27,592 shares during the last quarter. Osaic Holdings Inc. increased its holdings in Pacer Trendpilot US Large Cap ETF by 21.0% in the 2nd quarter. Osaic Holdings Inc. now owns 1,335,894 shares of the company’s stock worth $67,811,000 after buying an additional 231,753 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in Pacer Trendpilot US Large Cap ETF by 7.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 656,302 shares of the company’s stock worth $33,314,000 after buying an additional 46,306 shares in the last quarter. Finally, Avantax Advisory Services Inc. raised its position in Pacer Trendpilot US Large Cap ETF by 30.9% in the 2nd quarter. Avantax Advisory Services Inc. now owns 466,086 shares of the company’s stock worth $23,659,000 after buying an additional 109,889 shares during the last quarter.

About Pacer Trendpilot US Large Cap ETF

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.