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

Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) shares saw unusually-high trading volume on Friday . Approximately 51,924 shares were traded during mid-day trading, a decline of 14% from the previous session’s volume of 60,562 shares.The stock last traded at $71.28 and had previously closed at $70.83.

Pacer Trendpilot 100 ETF Stock Up 1.3 %

The firm has a market cap of $1.30 billion, a price-to-earnings ratio of 31.17 and a beta of 0.68. The stock has a fifty day moving average price of $74.56 and a 200-day moving average price of $74.25.

Pacer Trendpilot 100 ETF Dividend Announcement

The business also recently announced a dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, December 27th were issued a $1.4487 dividend. The ex-dividend date was Friday, December 27th.

Institutional Trading of Pacer Trendpilot 100 ETF

A number of institutional investors have recently modified their holdings of the business. LPL Financial LLC boosted its stake in shares of Pacer Trendpilot 100 ETF by 6.6% in the fourth quarter. LPL Financial LLC now owns 1,343,781 shares of the company’s stock valued at $99,467,000 after buying an additional 83,719 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Pacer Trendpilot 100 ETF in the fourth quarter valued at approximately $58,178,000. Wells Fargo & Company MN boosted its stake in shares of Pacer Trendpilot 100 ETF by 0.7% in the fourth quarter. Wells Fargo & Company MN now owns 723,197 shares of the company’s stock valued at $53,531,000 after buying an additional 4,791 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Pacer Trendpilot 100 ETF by 2.2% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 492,094 shares of the company’s stock valued at $36,425,000 after buying an additional 10,451 shares in the last quarter. Finally, Cetera Investment Advisers boosted its stake in shares of Pacer Trendpilot 100 ETF by 7.4% in the fourth quarter. Cetera Investment Advisers now owns 490,376 shares of the company’s stock valued at $36,298,000 after buying an additional 33,701 shares in the last quarter.

Pacer Trendpilot 100 ETF Company Profile

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.