Independent Advisor Alliance Makes New Investment in Pacer Trendpilot 100 ETF (NASDAQ:PTNQ)

Independent Advisor Alliance purchased a new position in shares of Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 10,062 shares of the company’s stock, valued at approximately $745,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Raymond James Financial Inc. acquired a new position in Pacer Trendpilot 100 ETF in the 4th quarter worth $58,178,000. Steward Partners Investment Advisory LLC lifted its position in shares of Pacer Trendpilot 100 ETF by 8.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 120,783 shares of the company’s stock valued at $8,940,000 after buying an additional 9,073 shares during the last quarter. Jacobi Capital Management LLC bought a new position in Pacer Trendpilot 100 ETF during the fourth quarter worth $225,000. Noble Wealth Management PBC bought a new stake in shares of Pacer Trendpilot 100 ETF during the 4th quarter worth about $85,000. Finally, Parkside Financial Bank & Trust grew its position in shares of Pacer Trendpilot 100 ETF by 36.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 3,365 shares of the company’s stock valued at $249,000 after purchasing an additional 900 shares during the last quarter.

Pacer Trendpilot 100 ETF Trading Up 1.3 %

NASDAQ PTNQ opened at $71.76 on Monday. The firm’s 50 day simple moving average is $74.56 and its 200 day simple moving average is $74.27. Pacer Trendpilot 100 ETF has a 1 year low of $66.14 and a 1 year high of $77.83. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of 31.17 and a beta of 0.68.

Pacer Trendpilot 100 ETF Dividend Announcement

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 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.