Pacer Trendpilot US Large Cap ETF (BATS:PTLC) Hits New 52-Week High – Time to Buy?

Pacer Trendpilot US Large Cap ETF (BATS:PTLC) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $57.64 and last traded at $57.54, with a volume of 101368 shares trading hands. The stock had previously closed at $57.39.

Pacer Trendpilot US Large Cap ETF Trading Up 0.6%

The firm has a market cap of $3.78 billion, a P/E ratio of 25.78 and a beta of 0.60. The company’s 50 day simple moving average is $54.59 and its 200-day simple moving average is $55.48.

Institutional Investors Weigh In On Pacer Trendpilot US Large Cap ETF

Several hedge funds and other institutional investors have recently made changes to their positions in PTLC. Merit Financial Group LLC increased its position in shares of Pacer Trendpilot US Large Cap ETF by 5,560.7% during the 4th quarter. Merit Financial Group LLC now owns 439,212 shares of the company’s stock valued at $24,411,000 after purchasing an additional 431,453 shares during the last quarter. Align Financial LLC purchased a new stake in shares of Pacer Trendpilot US Large Cap ETF during the 4th quarter valued at about $14,259,000. AlphaCore Capital LLC purchased a new stake in shares of Pacer Trendpilot US Large Cap ETF during the 4th quarter valued at about $8,275,000. Retirement Planning Group LLC increased its position in shares of Pacer Trendpilot US Large Cap ETF by 1,646.4% during the 1st quarter. Retirement Planning Group LLC now owns 115,766 shares of the company’s stock valued at $6,073,000 after purchasing an additional 109,137 shares during the last quarter. Finally, Gaddis Premier Wealth Advisors LLC purchased a new stake in shares of Pacer Trendpilot US Large Cap ETF during the 4th quarter valued at about $5,825,000.

Pacer Trendpilot US Large Cap ETF Company Profile

The Pacer Trendpilot US Large Cap ETF (PTLC) is an exchange-traded fund that is based on the Pacer Trendpilot US Large Cap index. The fund tracks an index that allocates to a proprietary US large-cap index and\u002For 3-month US T-bills, according to momentum. PTLC was launched on Jun 11, 2015 and is managed by Pacer.