Financial Management Network Inc. Increases Position in Pacer Trendpilot 100 ETF (NASDAQ:PTNQ)

Financial Management Network Inc. increased its stake in Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) by 10.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,281 shares of the company’s stock after purchasing an additional 3,814 shares during the quarter. Financial Management Network Inc.’s holdings in Pacer Trendpilot 100 ETF were worth $2,938,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Proactive Wealth Strategies LLC increased its holdings in shares of Pacer Trendpilot 100 ETF by 8.9% in the 4th quarter. Proactive Wealth Strategies LLC now owns 21,006 shares of the company’s stock valued at $1,555,000 after purchasing an additional 1,721 shares in the last quarter. Kestra Investment Management LLC purchased a new position in shares of Pacer Trendpilot 100 ETF in the 4th quarter valued at about $38,000. Sanctuary Advisors LLC purchased a new position in shares of Pacer Trendpilot 100 ETF in the 4th quarter valued at about $229,000. Strategic Financial Concepts LLC purchased a new position in shares of Pacer Trendpilot 100 ETF in the 4th quarter valued at about $896,000. Finally, Kestra Private Wealth Services LLC grew its stake in Pacer Trendpilot 100 ETF by 1.7% in the 4th quarter. Kestra Private Wealth Services LLC now owns 24,698 shares of the company’s stock valued at $1,828,000 after acquiring an additional 403 shares during the last quarter.

Pacer Trendpilot 100 ETF Trading Up 0.1 %

Shares of NASDAQ PTNQ opened at $76.61 on Wednesday. The stock has a market cap of $1.38 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 $66.14 and a 52 week high of $77.83. The company’s 50-day moving average price is $75.50 and its 200 day moving average price is $73.91.

Pacer Trendpilot 100 ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, December 27th were paid a $1.4487 dividend. The ex-dividend date of this dividend was Friday, December 27th.

About Pacer Trendpilot 100 ETF

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.