Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) Sees Large Volume Increase – Here’s Why

Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) shares saw unusually-strong trading volume on Wednesday . Approximately 147,913 shares traded hands during trading, an increase of 302% from the previous session’s volume of 36,833 shares.The stock last traded at $85.75 and had previously closed at $85.20.

Pacer Trendpilot 100 ETF Stock Performance

The business has a fifty day simple moving average of $77.30 and a 200 day simple moving average of $78.55. The stock has a market capitalization of $1.34 billion, a price-to-earnings ratio of 33.04 and a beta of 0.63.

Institutional Investors Weigh In On Pacer Trendpilot 100 ETF

Several institutional investors and hedge funds have recently made changes to their positions in PTNQ. Bryn Mawr Trust Advisors LLC acquired a new stake in Pacer Trendpilot 100 ETF in the third quarter valued at approximately $1,675,000. HighTower Advisors LLC raised its stake in shares of Pacer Trendpilot 100 ETF by 16.2% during the 3rd quarter. HighTower Advisors LLC now owns 88,636 shares of the company’s stock valued at $6,872,000 after purchasing an additional 12,371 shares during the period. Geneos Wealth Management Inc. grew its position in Pacer Trendpilot 100 ETF by 5.7% during the fourth quarter. Geneos Wealth Management Inc. now owns 179,275 shares of the company’s stock worth $14,100,000 after buying an additional 9,693 shares in the last quarter. UBS Group AG grew its position in Pacer Trendpilot 100 ETF by 2.8% during the fourth quarter. UBS Group AG now owns 256,991 shares of the company’s stock worth $20,212,000 after buying an additional 7,090 shares in the last quarter. Finally, Sanctuary Advisors LLC grew its position in Pacer Trendpilot 100 ETF by 6.2% during the fourth quarter. Sanctuary Advisors LLC now owns 36,608 shares of the company’s stock worth $2,879,000 after buying an additional 2,146 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.