Sequoia Financial Advisors LLC Makes New Investment in Pacer Trendpilot 100 ETF (NASDAQ:PTNQ)

Sequoia Financial Advisors LLC purchased a new stake in Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 5,165 shares of the company’s stock, valued at approximately $382,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Assetmark Inc. acquired a new position in Pacer Trendpilot 100 ETF in the third quarter valued at approximately $31,000. Kestra Investment Management LLC acquired a new position in shares of Pacer Trendpilot 100 ETF in the 4th quarter valued at $38,000. Midwest Capital Advisors LLC purchased a new position in shares of Pacer Trendpilot 100 ETF during the 4th quarter worth $64,000. Noble Wealth Management PBC acquired a new stake in shares of Pacer Trendpilot 100 ETF during the 4th quarter worth about $85,000. Finally, JPMorgan Chase & Co. raised its holdings in Pacer Trendpilot 100 ETF by 259.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,429 shares of the company’s stock valued at $105,000 after buying an additional 1,032 shares during the period.

Pacer Trendpilot 100 ETF Price Performance

Shares of PTNQ stock opened at $71.34 on Wednesday. Pacer Trendpilot 100 ETF has a 1-year low of $66.14 and a 1-year high of $77.83. The firm has a market cap of $1.29 billion, a PE ratio of 31.17 and a beta of 0.68. The company has a 50-day moving average of $74.43 and a two-hundred day moving average of $74.26.

Pacer Trendpilot 100 ETF Announces Dividend

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

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.