Raymond James Financial Services Advisors Inc. Sells 68,611 Shares of Pacer Trendpilot 100 ETF (NASDAQ:PTNQ)

Raymond James Financial Services Advisors Inc. trimmed its stake in Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) by 12.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 469,257 shares of the company’s stock after selling 68,611 shares during the period. Raymond James Financial Services Advisors Inc. owned approximately 2.77% of Pacer Trendpilot 100 ETF worth $30,657,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. DecisionPoint Financial LLC bought a new position in Pacer Trendpilot 100 ETF during the third quarter valued at approximately $46,000. Householder Group Estate & Retirement Specialist LLC bought a new position in shares of Pacer Trendpilot 100 ETF in the third quarter worth approximately $74,000. Benjamin F. Edwards & Company Inc. bought a new position in shares of Pacer Trendpilot 100 ETF in the second quarter worth approximately $81,000. NBC Securities Inc. bought a new position in shares of Pacer Trendpilot 100 ETF in the third quarter worth approximately $129,000. Finally, Strategic Financial Concepts LLC bought a new position in shares of Pacer Trendpilot 100 ETF in the second quarter worth approximately $202,000.

Pacer Trendpilot 100 ETF Stock Performance

Shares of Pacer Trendpilot 100 ETF stock opened at $68.81 on Thursday. The company’s 50 day moving average price is $67.65 and its 200-day moving average price is $64.97. Pacer Trendpilot 100 ETF has a 52-week low of $52.25 and a 52-week high of $69.10. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of 23.99 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.