Pacer Trendpilot US Large Cap ETF (BATS:PTLC) Reaches New 1-Year High – Still a Buy?

Pacer Trendpilot US Large Cap ETF (BATS:PTLC)’s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $56.91 and last traded at $56.4140, with a volume of 38069 shares traded. The stock had previously closed at $56.70.

Pacer Trendpilot US Large Cap ETF Trading Down 0.3%

The company has a 50 day moving average price of $55.94 and a 200 day moving average price of $54.49. The company has a market capitalization of $3.70 billion, a price-to-earnings ratio of 25.78 and a beta of 0.60.

Institutional Investors Weigh In On Pacer Trendpilot US Large Cap ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Welch Group LLC lifted its holdings in Pacer Trendpilot US Large Cap ETF by 1.2% in the third quarter. Welch Group LLC now owns 16,565 shares of the company’s stock valued at $907,000 after buying an additional 195 shares during the period. Prospera Financial Services Inc raised its position in shares of Pacer Trendpilot US Large Cap ETF by 1.0% during the 2nd quarter. Prospera Financial Services Inc now owns 22,095 shares of the company’s stock valued at $1,122,000 after acquiring an additional 223 shares during the last quarter. HBW Advisory Services LLC lifted its stake in shares of Pacer Trendpilot US Large Cap ETF by 4.5% in the 4th quarter. HBW Advisory Services LLC now owns 5,718 shares of the company’s stock valued at $318,000 after purchasing an additional 245 shares during the period. Lunt Capital Management Inc. boosted its position in shares of Pacer Trendpilot US Large Cap ETF by 0.6% in the 2nd quarter. Lunt Capital Management Inc. now owns 43,390 shares of the company’s stock worth $2,202,000 after purchasing an additional 262 shares during the last quarter. Finally, Equitable Holdings Inc. grew its stake in shares of Pacer Trendpilot US Large Cap ETF by 1.2% during the third quarter. Equitable Holdings Inc. now owns 23,391 shares of the company’s stock worth $1,281,000 after purchasing an additional 267 shares during the period.

About Pacer Trendpilot US Large Cap ETF

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.