NewEdge Advisors LLC reduced its position in Pacer Trendpilot 100 ETF (NASDAQ:PTNQ – Free Report) by 23.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 118,237 shares of the company’s stock after selling 35,287 shares during the quarter. NewEdge Advisors LLC’s holdings in Pacer Trendpilot 100 ETF were worth $8,627,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of PTNQ. HBW Advisory Services LLC increased its stake in shares of Pacer Trendpilot 100 ETF by 5.5% during the fourth quarter. HBW Advisory Services LLC now owns 3,511 shares of the company’s stock worth $276,000 after buying an additional 183 shares during the period. XML Financial LLC raised its holdings in Pacer Trendpilot 100 ETF by 1.9% in the fourth quarter. XML Financial LLC now owns 10,911 shares of the company’s stock valued at $858,000 after acquiring an additional 200 shares in the last quarter. Mutual Advisors LLC lifted its stake in Pacer Trendpilot 100 ETF by 16.5% in the fourth quarter. Mutual Advisors LLC now owns 3,076 shares of the company’s stock worth $242,000 after acquiring an additional 436 shares during the last quarter. Motiv8 Investments LLC acquired a new stake in Pacer Trendpilot 100 ETF in the fourth quarter valued at $35,000. Finally, Farther Finance Advisors LLC acquired a new stake in Pacer Trendpilot 100 ETF in the fourth quarter valued at $40,000.
Pacer Trendpilot 100 ETF Trading Up 3.4%
PTNQ stock opened at $82.48 on Friday. The company’s 50 day moving average is $86.35 and its two-hundred day moving average is $81.23. The stock has a market cap of $1.20 billion, a P/E ratio of 33.04 and a beta of 0.65. Pacer Trendpilot 100 ETF has a twelve month low of $71.25 and a twelve month high of $90.15.
About Pacer Trendpilot 100 ETF
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.
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