Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) Sees Large Volume Increase – What’s Next?

Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) shares saw strong trading volume on Tuesday . 64,687 shares were traded during trading, an increase of 27% from the previous session’s volume of 51,005 shares.The stock last traded at $74.74 and had previously closed at $75.26.

Pacer Trendpilot 100 ETF Price Performance

The firm has a market cap of $1.36 billion, a PE ratio of 35.78 and a beta of 0.68. The company’s 50 day moving average price is $75.38 and its 200 day moving average price is $73.30.

Pacer Trendpilot 100 ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, December 27th were given a $1.4487 dividend. The ex-dividend date of this dividend was Friday, December 27th.

Hedge Funds Weigh In On Pacer Trendpilot 100 ETF

Several institutional investors have recently modified their holdings of the business. LPL Financial LLC boosted its holdings in Pacer Trendpilot 100 ETF by 3.1% in the second quarter. LPL Financial LLC now owns 1,274,134 shares of the company’s stock valued at $91,852,000 after purchasing an additional 38,671 shares during the period. CoreCap Advisors LLC purchased a new position in shares of Pacer Trendpilot 100 ETF in the 2nd quarter valued at about $2,068,000. Proactive Wealth Strategies LLC acquired a new position in shares of Pacer Trendpilot 100 ETF during the third quarter worth about $1,414,000. Prospera Financial Services Inc increased its stake in shares of Pacer Trendpilot 100 ETF by 42.5% during the third quarter. Prospera Financial Services Inc now owns 51,499 shares of the company’s stock worth $3,777,000 after buying an additional 15,369 shares during the period. Finally, Ameritas Advisory Services LLC increased its stake in shares of Pacer Trendpilot 100 ETF by 29.6% during the third quarter. Ameritas Advisory Services LLC now owns 39,918 shares of the company’s stock worth $2,927,000 after buying an additional 9,110 shares during the period.

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.