Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) Hits New 52-Week High – Time to Buy?

Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $90.15 and last traded at $90.1510, with a volume of 26714 shares trading hands. The stock had previously closed at $89.45.

Pacer Trendpilot 100 ETF Stock Down 0.7%

The firm’s fifty day moving average price is $85.77 and its two-hundred day moving average price is $83.42. The stock has a market capitalization of $1.28 billion, a PE ratio of 33.04 and a beta of 0.66.

Institutional Investors Weigh In On Pacer Trendpilot 100 ETF

Hedge funds have recently added to or reduced their stakes in the stock. Ashton Thomas Securities LLC bought a new position in shares of Pacer Trendpilot 100 ETF in the first quarter worth approximately $2,682,000. Retirement Planning Group LLC bought a new stake in Pacer Trendpilot 100 ETF during the first quarter worth approximately $572,000. Alchemi Wealth LLC bought a new stake in shares of Pacer Trendpilot 100 ETF in the 4th quarter valued at approximately $741,000. Rockefeller Capital Management L.P. increased its position in shares of Pacer Trendpilot 100 ETF by 18.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 105,316 shares of the company’s stock valued at $8,283,000 after purchasing an additional 16,466 shares during the last quarter. Finally, Kestra Advisory Services LLC lifted its position in Pacer Trendpilot 100 ETF by 26.7% in the first quarter. Kestra Advisory Services LLC now owns 69,636 shares of the company’s stock worth $5,081,000 after buying an additional 14,691 shares during 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.