Oder Investment Management LLC Decreases Holdings in Pacer Trendpilot 100 ETF (NASDAQ:PTNQ)

Oder Investment Management LLC lessened its holdings in shares of Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) by 2.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,880 shares of the company’s stock after selling 240 shares during the quarter. Oder Investment Management LLC’s holdings in Pacer Trendpilot 100 ETF were worth $711,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PTNQ. Commonwealth Equity Services LLC boosted its position in Pacer Trendpilot 100 ETF by 0.8% during the third quarter. Commonwealth Equity Services LLC now owns 141,936 shares of the company’s stock worth $8,721,000 after purchasing an additional 1,182 shares during the period. Cambridge Investment Research Advisors Inc. boosted its position in Pacer Trendpilot 100 ETF by 2.8% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 324,887 shares of the company’s stock worth $19,961,000 after purchasing an additional 8,976 shares during the period. Raymond James Financial Services Advisors Inc. boosted its position in Pacer Trendpilot 100 ETF by 1.9% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 537,868 shares of the company’s stock worth $33,047,000 after purchasing an additional 10,254 shares during the period. Stratos Wealth Partners LTD. boosted its position in Pacer Trendpilot 100 ETF by 123.7% during the third quarter. Stratos Wealth Partners LTD. now owns 17,900 shares of the company’s stock worth $1,100,000 after purchasing an additional 9,897 shares during the period. Finally, Advisor Resource Council boosted its position in Pacer Trendpilot 100 ETF by 5.8% during the third quarter. Advisor Resource Council now owns 16,750 shares of the company’s stock worth $1,029,000 after purchasing an additional 925 shares during the period.

Pacer Trendpilot 100 ETF Price Performance

NASDAQ:PTNQ traded down $0.24 on Wednesday, reaching $66.94. 28,481 shares of the company’s stock were exchanged, compared to its average volume of 57,916. The stock has a fifty day simple moving average of $68.05 and a 200-day simple moving average of $65.97. Pacer Trendpilot 100 ETF has a 52 week low of $53.97 and a 52 week high of $69.10. The firm has a market cap of $1.17 billion, a price-to-earnings ratio of 34.73 and a beta of 0.68.

Pacer Trendpilot 100 ETF 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.