Financial Advocates Investment Management Sells 48,901 Shares of Pacer Trendpilot 100 ETF (NASDAQ:PTNQ)

Financial Advocates Investment Management cut its holdings in Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) by 80.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,829 shares of the company’s stock after selling 48,901 shares during the period. Financial Advocates Investment Management owned about 0.07% of Pacer Trendpilot 100 ETF worth $876,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. ODonnell Financial Services LLC boosted its stake in Pacer Trendpilot 100 ETF by 2.2% in the third quarter. ODonnell Financial Services LLC now owns 212,795 shares of the company’s stock valued at $15,604,000 after acquiring an additional 4,496 shares during the last quarter. Brookstone Capital Management lifted its stake in Pacer Trendpilot 100 ETF by 1,078.2% in the fourth quarter. Brookstone Capital Management now owns 165,103 shares of the company’s stock valued at $12,221,000 after purchasing an additional 151,090 shares during the last quarter. Pacer Advisors Inc. grew its holdings in Pacer Trendpilot 100 ETF by 9.3% during the fourth quarter. Pacer Advisors Inc. now owns 149,972 shares of the company’s stock valued at $11,101,000 after purchasing an additional 12,701 shares during the period. Geneos Wealth Management Inc. grew its holdings in Pacer Trendpilot 100 ETF by 7.1% during the fourth quarter. Geneos Wealth Management Inc. now owns 126,226 shares of the company’s stock valued at $9,343,000 after purchasing an additional 8,385 shares during the period. Finally, Rockefeller Capital Management L.P. increased its position in Pacer Trendpilot 100 ETF by 6.3% in the third quarter. Rockefeller Capital Management L.P. now owns 89,059 shares of the company’s stock worth $6,531,000 after buying an additional 5,274 shares during the last quarter.

Pacer Trendpilot 100 ETF Price Performance

Shares of NASDAQ PTNQ opened at $75.17 on Friday. The stock has a market capitalization of $1.36 billion, a PE ratio of 35.78 and a beta of 0.68. Pacer Trendpilot 100 ETF has a one year low of $66.14 and a one year high of $77.83. The business’s fifty day moving average price is $75.52 and its 200-day moving average price is $73.64.

Pacer Trendpilot 100 ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, December 27th were issued a dividend of $1.4487 per share. The ex-dividend date was Friday, December 27th.

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.