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

Pacer Trendpilot US Large Cap ETF (BATS:PTLC) hit a new 52-week high during trading on Tuesday . The company traded as high as $57.64 and last traded at $57.54, with a volume of 101368 shares trading hands. The stock had previously closed at $57.39.

Pacer Trendpilot US Large Cap ETF Stock Up 0.3%

The business’s 50-day simple moving average is $54.53 and its 200 day simple moving average is $55.45. The firm has a market capitalization of $3.77 billion, a P/E ratio of 25.78 and a beta of 0.60.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of PTLC. ORG Wealth Partners LLC bought a new position in Pacer Trendpilot US Large Cap ETF during the third quarter valued at approximately $35,000. Wolff Wiese Magana LLC bought a new position in shares of Pacer Trendpilot US Large Cap ETF in the third quarter worth approximately $40,000. Burkett Financial Services LLC bought a new position in shares of Pacer Trendpilot US Large Cap ETF in the third quarter worth approximately $41,000. Ancora Advisors LLC bought a new position in shares of Pacer Trendpilot US Large Cap ETF in the third quarter worth approximately $57,000. Finally, Sankala Group LLC bought a new position in shares of Pacer Trendpilot US Large Cap ETF in the fourth quarter worth approximately $77,000.

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.