Sovereign Financial Group Inc. Makes New Investment in Pacer Trendpilot 100 ETF (NASDAQ:PTNQ)

Sovereign Financial Group Inc. acquired a new stake in Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) during the 4th quarter, Holdings Channel.com reports. The fund acquired 4,811 shares of the company’s stock, valued at approximately $314,000.

A number of other hedge funds also recently modified their holdings of PTNQ. ODonnell Financial Services LLC acquired a new stake in Pacer Trendpilot 100 ETF during the fourth quarter worth approximately $11,687,000. International Assets Investment Management LLC acquired a new stake in Pacer Trendpilot 100 ETF during the 4th quarter worth approximately $9,847,000. LPL Financial LLC boosted its stake in Pacer Trendpilot 100 ETF by 10.5% in the 3rd quarter. LPL Financial LLC now owns 956,585 shares of the company’s stock valued at $58,773,000 after purchasing an additional 91,183 shares during the period. Zimmermann Investment Management & Planning LLC acquired a new position in Pacer Trendpilot 100 ETF in the 3rd quarter valued at $3,977,000. Finally, Magnolia Capital Advisors LLC bought a new position in Pacer Trendpilot 100 ETF during the 3rd quarter worth $1,630,000.

Pacer Trendpilot 100 ETF Stock Down 0.0 %

Shares of PTNQ traded down $0.01 during midday trading on Tuesday, reaching $68.47. 38,386 shares of the stock were exchanged, compared to its average volume of 58,113. The stock’s 50 day simple moving average is $68.06 and its 200 day simple moving average is $66.17. Pacer Trendpilot 100 ETF has a twelve month low of $55.01 and a twelve month high of $69.10. The company has a market cap of $1.21 billion, a P/E ratio of 34.73 and a beta of 0.68.

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.