Arete Wealth Advisors LLC Has $801,000 Stock Position in Pacer Trendpilot 100 ETF (NASDAQ:PTNQ)

Arete Wealth Advisors LLC lowered its position in shares of Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) by 7.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,786 shares of the company’s stock after selling 820 shares during the quarter. Arete Wealth Advisors LLC owned 0.06% of Pacer Trendpilot 100 ETF worth $801,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in PTNQ. LPL Financial LLC lifted its holdings 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 purchasing an additional 83,719 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Pacer Trendpilot 100 ETF during the fourth quarter valued at $58,178,000. Avantax Advisory Services Inc. lifted its stake in Pacer Trendpilot 100 ETF by 11.2% in the 4th quarter. Avantax Advisory Services Inc. now owns 193,718 shares of the company’s stock worth $14,339,000 after acquiring an additional 19,493 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in Pacer Trendpilot 100 ETF by 5.2% during the 4th quarter. Commonwealth Equity Services LLC now owns 192,367 shares of the company’s stock worth $14,239,000 after acquiring an additional 9,494 shares during the period. Finally, Brookstone Capital Management increased its holdings in shares of Pacer Trendpilot 100 ETF by 1,078.2% in the 4th quarter. Brookstone Capital Management now owns 165,103 shares of the company’s stock valued at $12,221,000 after purchasing an additional 151,090 shares during the period.

Pacer Trendpilot 100 ETF Stock Performance

PTNQ stock opened at $67.03 on Friday. The firm has a 50 day simple moving average of $73.51 and a 200 day simple moving average of $74.23. Pacer Trendpilot 100 ETF has a 52 week low of $66.14 and a 52 week high of $77.83. The stock has a market cap of $1.21 billion, a P/E ratio of 31.54 and a beta of 0.68.

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.