Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) saw strong trading volume on Tuesday . 143,668 shares changed hands during trading, an increase of 140% from the previous session’s volume of 59,952 shares.The stock last traded at $67.77 and had previously closed at $67.53.

Pacer Trendpilot 100 ETF Price Performance

The firm has a market cap of $1.23 billion, a PE ratio of 28.62 and a beta of 0.68. The business’s fifty day moving average is $67.59 and its 200-day moving average is $72.27.

Institutional Investors Weigh In On Pacer Trendpilot 100 ETF

Hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. increased its position in Pacer Trendpilot 100 ETF by 259.9% in the third quarter. JPMorgan Chase & Co. now owns 1,429 shares of the company’s stock worth $105,000 after buying an additional 1,032 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in shares of Pacer Trendpilot 100 ETF by 9.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 25,759 shares of the company’s stock worth $1,907,000 after acquiring an additional 2,157 shares during the period. GPS Wealth Strategies Group LLC increased its holdings in Pacer Trendpilot 100 ETF by 4.3% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 8,537 shares of the company’s stock worth $632,000 after acquiring an additional 350 shares during the last quarter. Stratos Wealth Advisors LLC increased its holdings in Pacer Trendpilot 100 ETF by 17.1% in the 4th quarter. Stratos Wealth Advisors LLC now owns 19,875 shares of the company’s stock worth $1,471,000 after acquiring an additional 2,899 shares during the last quarter. Finally, Tyche Wealth Partners LLC raised its stake in Pacer Trendpilot 100 ETF by 22.0% in the 4th quarter. Tyche Wealth Partners LLC now owns 3,361 shares of the company’s stock valued at $249,000 after acquiring an additional 607 shares during the period.

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.