Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) Hits New 12-Month High – Still a Buy?

Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) hit a new 52-week high during trading on Wednesday . The stock traded as high as $74.64 and last traded at $74.64, with a volume of 3477 shares. The stock had previously closed at $73.66.

Pacer Trendpilot 100 ETF Trading Up 1.6 %

The stock has a fifty day simple moving average of $72.74 and a two-hundred day simple moving average of $71.40. The firm has a market cap of $1.35 billion, a PE ratio of 35.78 and a beta of 0.68.

Hedge Funds Weigh In On Pacer Trendpilot 100 ETF

Hedge funds have recently bought and sold shares of the company. Concourse Financial Group Securities Inc. purchased a new stake in Pacer Trendpilot 100 ETF in the 1st quarter worth approximately $27,000. Assetmark Inc. purchased a new stake in shares of Pacer Trendpilot 100 ETF in the third quarter worth $31,000. Ridgewood Investments LLC bought a new stake in Pacer Trendpilot 100 ETF during the second quarter valued at $40,000. PSI Advisors LLC grew its position in Pacer Trendpilot 100 ETF by 69.5% during the second quarter. PSI Advisors LLC now owns 1,158 shares of the company’s stock worth $83,000 after buying an additional 475 shares in the last quarter. Finally, NBC Securities Inc. increased its stake in Pacer Trendpilot 100 ETF by 17.2% in the 3rd quarter. NBC Securities Inc. now owns 2,468 shares of the company’s stock worth $180,000 after acquiring an additional 363 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.