Clarus Group Inc. Decreases Holdings in Pacer Trendpilot 100 ETF (NASDAQ:PTNQ)

Clarus Group Inc. cut its stake in Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) by 25.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,882 shares of the company’s stock after selling 1,309 shares during the quarter. Clarus Group Inc.’s holdings in Pacer Trendpilot 100 ETF were worth $287,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of PTNQ. Kestra Private Wealth Services LLC lifted its position in shares of Pacer Trendpilot 100 ETF by 1.7% during the fourth quarter. Kestra Private Wealth Services LLC now owns 24,698 shares of the company’s stock worth $1,828,000 after purchasing an additional 403 shares in the last quarter. Strategic Financial Concepts LLC purchased a new stake in Pacer Trendpilot 100 ETF during the 4th quarter worth $896,000. Tyche Wealth Partners LLC lifted its holdings in Pacer Trendpilot 100 ETF by 22.0% in the 4th quarter. Tyche Wealth Partners LLC now owns 3,361 shares of the company’s stock worth $249,000 after buying an additional 607 shares in the last quarter. Stratos Wealth Advisors LLC lifted its holdings in Pacer Trendpilot 100 ETF by 17.1% in the 4th quarter. Stratos Wealth Advisors LLC now owns 19,875 shares of the company’s stock worth $1,471,000 after buying an additional 2,899 shares in the last quarter. Finally, GPS Wealth Strategies Group LLC boosted its position in Pacer Trendpilot 100 ETF by 4.3% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 8,537 shares of the company’s stock valued at $632,000 after buying an additional 350 shares during the last quarter.

Pacer Trendpilot 100 ETF Stock Performance

Shares of NASDAQ PTNQ opened at $75.78 on Tuesday. Pacer Trendpilot 100 ETF has a 1 year low of $66.14 and a 1 year high of $77.83. The stock’s 50-day simple moving average is $75.52 and its 200-day simple moving average is $73.69. The firm has a market cap of $1.37 billion, a price-to-earnings ratio of 35.78 and a beta of 0.68.

Pacer Trendpilot 100 ETF Announces Dividend

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