Schmidt P J Investment Management Inc. Trims Holdings in Pacer Trendpilot 100 ETF (NASDAQ:PTNQ)

Schmidt P J Investment Management Inc. decreased its holdings in Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) by 7.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,384 shares of the company’s stock after selling 260 shares during the period. Schmidt P J Investment Management Inc.’s holdings in Pacer Trendpilot 100 ETF were worth $248,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PTNQ. LPL Financial LLC boosted its stake in Pacer Trendpilot 100 ETF by 3.1% in the second quarter. LPL Financial LLC now owns 1,274,134 shares of the company’s stock valued at $91,852,000 after acquiring an additional 38,671 shares in the last quarter. Cetera Investment Advisers raised its position in Pacer Trendpilot 100 ETF by 1.7% during the second quarter. Cetera Investment Advisers now owns 394,702 shares of the company’s stock valued at $28,454,000 after acquiring an additional 6,475 shares in the last quarter. ODonnell Financial Services LLC raised its position in Pacer Trendpilot 100 ETF by 2.2% during 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 in the last quarter. Cetera Advisors LLC raised its position in Pacer Trendpilot 100 ETF by 45.0% during the first quarter. Cetera Advisors LLC now owns 200,280 shares of the company’s stock valued at $13,755,000 after acquiring an additional 62,136 shares in the last quarter. Finally, Atria Wealth Solutions Inc. grew its holdings in Pacer Trendpilot 100 ETF by 38.7% in the second quarter. Atria Wealth Solutions Inc. now owns 157,050 shares of the company’s stock valued at $11,322,000 after purchasing an additional 43,817 shares during the period.

Pacer Trendpilot 100 ETF Trading Up 0.3 %

Shares of PTNQ opened at $73.62 on Friday. Pacer Trendpilot 100 ETF has a 12 month low of $60.27 and a 12 month high of $74.18. The stock’s 50 day moving average is $72.50 and its two-hundred day moving average is $71.03. The firm has a market cap of $1.33 billion, a P/E ratio of 35.78 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.