Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) Shares Gap Down – What’s Next?

Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) gapped down before the market opened on Friday . The stock had previously closed at $77.15, but opened at $75.36. Pacer Trendpilot 100 ETF shares last traded at $75.06, with a volume of 4,455 shares.

Pacer Trendpilot 100 ETF Stock Performance

The company has a 50-day moving average of $75.28 and a 200-day moving average of $73.15. The stock has a market cap of $1.35 billion, a price-to-earnings ratio of 35.78 and a beta of 0.68.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. NewEdge Advisors LLC lifted its holdings in shares of Pacer Trendpilot 100 ETF by 0.7% during the second quarter. NewEdge Advisors LLC now owns 84,710 shares of the company’s stock worth $6,107,000 after purchasing an additional 628 shares during the period. Sigma Planning Corp lifted its stake in shares of Pacer Trendpilot 100 ETF by 6.9% in the 3rd quarter. Sigma Planning Corp now owns 15,177 shares of the company’s stock worth $1,113,000 after acquiring an additional 982 shares during the period. Vienna Asset Management LLC boosted its holdings in shares of Pacer Trendpilot 100 ETF by 21.8% in the third quarter. Vienna Asset Management LLC now owns 39,176 shares of the company’s stock valued at $2,873,000 after acquiring an additional 7,021 shares in the last quarter. Strategic Blueprint LLC purchased a new stake in shares of Pacer Trendpilot 100 ETF in the second quarter valued at about $208,000. Finally, Assetmark Inc. acquired a new position in shares of Pacer Trendpilot 100 ETF during the third quarter worth about $31,000.

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.