Foundations Investment Advisors LLC Acquires New Position in Pacer Trendpilot 100 ETF (NASDAQ:PTNQ)

Foundations Investment Advisors LLC bought a new stake in shares of Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) in the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 12,709 shares of the company’s stock, valued at approximately $902,000.

Several other hedge funds have also recently added to or reduced their stakes in PTNQ. LPL Financial LLC increased its holdings in Pacer Trendpilot 100 ETF by 5.9% during the 1st quarter. LPL Financial LLC now owns 1,422,612 shares of the company’s stock valued at $101,020,000 after acquiring an additional 78,831 shares in the last quarter. Advisor Resource Council acquired a new stake in shares of Pacer Trendpilot 100 ETF during the 4th quarter worth about $2,552,000. Cetera Investment Advisers boosted its stake in shares of Pacer Trendpilot 100 ETF by 7.4% during the 4th quarter. Cetera Investment Advisers now owns 490,376 shares of the company’s stock worth $36,298,000 after purchasing an additional 33,701 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Pacer Trendpilot 100 ETF by 43.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 94,401 shares of the company’s stock worth $6,703,000 after purchasing an additional 28,595 shares during the last quarter. Finally, Thoroughbred Financial Services LLC acquired a new stake in shares of Pacer Trendpilot 100 ETF during the 4th quarter worth about $1,290,000.

Pacer Trendpilot 100 ETF Price Performance

Pacer Trendpilot 100 ETF stock opened at $73.32 on Thursday. Pacer Trendpilot 100 ETF has a 12-month low of $65.21 and a 12-month high of $77.83. The stock has a market capitalization of $1.28 billion, a P/E ratio of 33.04 and a beta of 0.68. The firm’s 50-day moving average is $70.01 and its two-hundred day moving average is $70.89.

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.