Pacer Trendpilot US Large Cap ETF (BATS:PTLC) Sets New 12-Month High – What’s Next?

Pacer Trendpilot US Large Cap ETF (BATS:PTLCGet Free Report)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $60.68 and last traded at $60.67, with a volume of 13383 shares traded. The stock had previously closed at $60.22.

Pacer Trendpilot US Large Cap ETF Price Performance

The company has a market cap of $3.97 billion, a price-to-earnings ratio of 25.78 and a beta of 0.60. The firm has a 50-day moving average price of $58.28 and a 200 day moving average price of $56.56.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Merit Financial Group LLC boosted 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 worth $24,411,000 after acquiring an additional 431,453 shares in the last quarter. Align Financial LLC acquired a new position in Pacer Trendpilot US Large Cap ETF during the fourth quarter valued at approximately $14,259,000. AlphaCore Capital LLC bought a new stake in Pacer Trendpilot US Large Cap ETF during the fourth quarter worth $8,275,000. Ashton Thomas Securities LLC bought a new stake in Pacer Trendpilot US Large Cap ETF during the first quarter worth $7,558,000. Finally, Retirement Planning Group LLC boosted its holdings in shares of Pacer Trendpilot US Large Cap ETF by 1,646.4% in 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 in the last quarter.

About Pacer Trendpilot US Large Cap ETF

(Get Free Report)

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.

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