Pacer Trendpilot US Large Cap ETF (BATS:PTLC) Reaches New 12-Month High – Here’s What Happened

Shares of Pacer Trendpilot US Large Cap ETF (BATS:PTLC) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $58.35 and last traded at $58.34, with a volume of 4876 shares trading hands. The stock had previously closed at $57.76.

Pacer Trendpilot US Large Cap ETF Stock Performance

The stock has a market capitalization of $3.82 billion, a price-to-earnings ratio of 25.78 and a beta of 0.60. The company has a fifty day simple moving average of $55.17 and a two-hundred day simple moving average of $55.62.

Institutional Investors Weigh In On Pacer Trendpilot US Large Cap ETF

Several institutional investors have recently bought and sold shares of PTLC. Burkett Financial Services LLC purchased a new position in Pacer Trendpilot US Large Cap ETF in the 3rd quarter valued at approximately $41,000. Ancora Advisors LLC bought a new stake in Pacer Trendpilot US Large Cap ETF during the third quarter worth about $57,000. Sankala Group LLC purchased a new position in shares of Pacer Trendpilot US Large Cap ETF in the 4th quarter worth about $77,000. Realta Investment Advisors boosted its holdings in shares of Pacer Trendpilot US Large Cap ETF by 179.9% in the 1st quarter. Realta Investment Advisors now owns 1,528 shares of the company’s stock worth $80,000 after purchasing an additional 982 shares in the last quarter. Finally, Root Financial Partners LLC bought a new position in shares of Pacer Trendpilot US Large Cap ETF during the 4th quarter valued at about $136,000.

About Pacer Trendpilot US Large Cap ETF

The Pacer Trendpilot US Large Cap ETF (PTLC) is an exchange-traded fund that is based on the Pacer Trendpilot US Large Cap index. The fund tracks an index that allocates to a proprietary US large-cap index and\u002For 3-month US T-bills, according to momentum. PTLC was launched on Jun 11, 2015 and is managed by Pacer.