Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) Shares Gap Down – Should You Sell?

Shares of Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) gapped down before the market opened on Friday . The stock had previously closed at $77.15, but opened at $75.36. Pacer Trendpilot 100 ETF shares last traded at $75.06, with a volume of 4,455 shares traded.

Pacer Trendpilot 100 ETF Price Performance

The stock has a 50 day moving average of $75.28 and a two-hundred day moving average of $73.15. The stock has a market capitalization of $1.35 billion, a PE ratio of 35.78 and a beta of 0.68.

Institutional Investors Weigh In On Pacer Trendpilot 100 ETF

Several institutional investors have recently made changes to their positions in the stock. Concurrent Investment Advisors LLC increased its holdings in Pacer Trendpilot 100 ETF by 0.6% in the second quarter. Concurrent Investment Advisors LLC now owns 28,711 shares of the company’s stock valued at $2,070,000 after buying an additional 183 shares in the last quarter. MML Investors Services LLC increased its stake in Pacer Trendpilot 100 ETF by 0.5% in the 3rd quarter. MML Investors Services LLC now owns 39,392 shares of the company’s stock valued at $2,889,000 after purchasing an additional 195 shares in the last quarter. Financial Services Advisory Inc raised its holdings in Pacer Trendpilot 100 ETF by 1.0% during the third quarter. Financial Services Advisory Inc now owns 23,219 shares of the company’s stock worth $1,703,000 after purchasing an additional 233 shares during the last quarter. Trustmark National Bank Trust Department raised its holdings in Pacer Trendpilot 100 ETF by 5.2% during the third quarter. Trustmark National Bank Trust Department now owns 4,818 shares of the company’s stock worth $353,000 after purchasing an additional 240 shares during the last quarter. Finally, Harbour Investments Inc. boosted its position in Pacer Trendpilot 100 ETF by 2.3% during the third quarter. Harbour Investments Inc. now owns 12,075 shares of the company’s stock worth $885,000 after purchasing an additional 277 shares in the last quarter.

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.