Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) Shares Sold by Stegent Equity Advisors Inc.

Stegent Equity Advisors Inc. decreased its stake in shares of Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) by 78.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,332 shares of the company’s stock after selling 15,501 shares during the quarter. Stegent Equity Advisors Inc.’s holdings in Pacer Trendpilot 100 ETF were worth $312,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Concourse Financial Group Securities Inc. acquired a new position in Pacer Trendpilot 100 ETF during the 1st quarter valued at approximately $27,000. Ridgewood Investments LLC purchased a new position in Pacer Trendpilot 100 ETF during the second quarter valued at $40,000. PSI Advisors LLC lifted its holdings in Pacer Trendpilot 100 ETF by 114.1% during the first quarter. PSI Advisors LLC now owns 683 shares of the company’s stock valued at $47,000 after purchasing an additional 364 shares in the last quarter. Register Financial Advisors LLC purchased a new position in Pacer Trendpilot 100 ETF during the first quarter valued at $59,000. Finally, EP Wealth Advisors LLC purchased a new position in Pacer Trendpilot 100 ETF during the fourth quarter valued at $101,000.

Pacer Trendpilot 100 ETF Trading Up 0.4 %

PTNQ traded up $0.32 during midday trading on Friday, hitting $71.98. 25,313 shares of the company traded hands, compared to its average volume of 53,339. The business has a 50 day simple moving average of $71.74 and a two-hundred day simple moving average of $69.83. The company has a market capitalization of $1.28 billion, a price-to-earnings ratio of 35.78 and a beta of 0.68. Pacer Trendpilot 100 ETF has a 52-week low of $60.27 and a 52-week high of $74.13.

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.