Magnolia Capital Advisors LLC Sells 835 Shares of Pacer Trendpilot 100 ETF (NASDAQ:PTNQ)

Magnolia Capital Advisors LLC cut its stake in Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) by 3.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,941 shares of the company’s stock after selling 835 shares during the period. Pacer Trendpilot 100 ETF makes up approximately 1.3% of Magnolia Capital Advisors LLC’s holdings, making the stock its 22nd biggest position. Magnolia Capital Advisors LLC owned 0.15% of Pacer Trendpilot 100 ETF worth $1,733,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of PTNQ. DecisionPoint Financial LLC acquired a new position in shares of Pacer Trendpilot 100 ETF in the 3rd quarter valued at $46,000. NBC Securities Inc. acquired a new position in shares of Pacer Trendpilot 100 ETF in the 3rd quarter valued at $129,000. Burns Matteson Capital Management LLC acquired a new position in shares of Pacer Trendpilot 100 ETF in the 4th quarter valued at $220,000. Strategic Financial Concepts LLC raised its stake in shares of Pacer Trendpilot 100 ETF by 17.8% in the 3rd quarter. Strategic Financial Concepts LLC now owns 3,828 shares of the company’s stock valued at $235,000 after buying an additional 578 shares in the last quarter. Finally, Orion Portfolio Solutions LLC acquired a new position in shares of Pacer Trendpilot 100 ETF in the 3rd quarter valued at $276,000.

Pacer Trendpilot 100 ETF Stock Performance

Shares of PTNQ stock traded up $0.12 during mid-day trading on Wednesday, reaching $67.30. The company’s stock had a trading volume of 81,377 shares, compared to its average volume of 59,298. Pacer Trendpilot 100 ETF has a 1-year low of $53.04 and a 1-year high of $69.10. The company has a market cap of $1.18 billion, a P/E ratio of 35.33 and a beta of 0.68. The firm’s 50-day moving average is $68.04 and its two-hundred day moving average is $65.79.

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.