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

Financial Advocates Investment Management trimmed its stake in shares of Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) by 80.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 11,829 shares of the company’s stock after selling 48,901 shares during the quarter. Financial Advocates Investment Management’s holdings in Pacer Trendpilot 100 ETF were worth $876,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Merit Financial Group LLC bought a new position in shares of Pacer Trendpilot 100 ETF in the fourth quarter worth $331,000. Jane Street Group LLC increased its stake in Pacer Trendpilot 100 ETF by 54.5% in the third quarter. Jane Street Group LLC now owns 6,681 shares of the company’s stock valued at $490,000 after acquiring an additional 2,358 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of Pacer Trendpilot 100 ETF by 9.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 25,759 shares of the company’s stock valued at $1,907,000 after buying an additional 2,157 shares in the last quarter. Sigma Planning Corp raised its stake in shares of Pacer Trendpilot 100 ETF by 6.9% during the third quarter. Sigma Planning Corp now owns 15,177 shares of the company’s stock worth $1,113,000 after acquiring an additional 982 shares in the last quarter. Finally, Vienna Asset Management LLC lifted its stake in Pacer Trendpilot 100 ETF by 21.8% in the third quarter. Vienna Asset Management LLC now owns 39,176 shares of the company’s stock worth $2,873,000 after purchasing an additional 7,021 shares during the last quarter.

Pacer Trendpilot 100 ETF Price Performance

Shares of PTNQ stock 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 1-year low of $66.14 and a 1-year high of $77.83. The business has a 50-day moving average of $75.52 and a 200 day moving average of $73.64.

Pacer Trendpilot 100 ETF Dividend Announcement

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

About Pacer Trendpilot 100 ETF

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.