Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) Sees Large Volume Increase – Here’s Why

Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) saw an uptick in trading volume on Wednesday . 147,913 shares traded hands during mid-day trading, an increase of 302% from the previous session’s volume of 36,833 shares.The stock last traded at $85.75 and had previously closed at $85.20.

Pacer Trendpilot 100 ETF Trading Up 1.1%

The company has a market capitalization of $1.34 billion, a PE ratio of 33.04 and a beta of 0.63. The firm has a fifty day moving average of $77.30 and a two-hundred day moving average of $78.55.

Institutional Trading of Pacer Trendpilot 100 ETF

A number of institutional investors and hedge funds have recently modified their holdings of PTNQ. NewEdge Advisors LLC boosted its stake in shares of Pacer Trendpilot 100 ETF by 76.8% in the 2nd quarter. NewEdge Advisors LLC now owns 149,890 shares of the company’s stock worth $10,698,000 after buying an additional 65,118 shares during the last quarter. Orion Porfolio Solutions LLC raised its holdings in Pacer Trendpilot 100 ETF by 359.5% during the fourth quarter. Orion Porfolio Solutions LLC now owns 63,922 shares of the company’s stock valued at $5,027,000 after acquiring an additional 50,010 shares during the period. One Capital Management LLC bought a new stake in shares of Pacer Trendpilot 100 ETF in the fourth quarter worth about $2,836,000. Bryn Mawr Trust Advisors LLC bought a new stake in shares of Pacer Trendpilot 100 ETF in the third quarter worth about $1,675,000. Finally, Rockefeller Capital Management L.P. increased its stake in Pacer Trendpilot 100 ETF by 18.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 105,316 shares of the company’s stock worth $8,283,000 after acquiring an additional 16,466 shares during the last quarter.

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.