Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) Sees Large Volume Increase – Should You Buy?

Shares of Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) saw unusually-high trading volume on Wednesday. Approximately 44,877 shares traded hands during mid-day trading, an increase of 25% from the previous session’s volume of 35,786 shares. The stock last traded at $89.6440 and had previously closed at $88.98.

Pacer Trendpilot 100 ETF Stock Up 0.8%

The firm has a market capitalization of $1.29 billion, a P/E ratio of 33.04 and a beta of 0.66. The business’s 50 day moving average is $86.15 and its two-hundred day moving average is $83.75.

Institutional Investors Weigh In On Pacer Trendpilot 100 ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Motiv8 Investments LLC bought a new position in Pacer Trendpilot 100 ETF in the fourth quarter valued at $35,000. Realta Investment Advisors bought a new position in shares of Pacer Trendpilot 100 ETF in the 1st quarter valued at about $55,000. Trust Co. of Vermont bought a new stake in shares of Pacer Trendpilot 100 ETF in the 2nd quarter valued at about $61,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in Pacer Trendpilot 100 ETF in the 4th quarter valued at about $73,000. Finally, Root Financial Partners LLC bought a new position in Pacer Trendpilot 100 ETF during the fourth quarter worth about $88,000.

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.