Burns Matteson Capital Management LLC Trims Stock Position in Pacer Trendpilot 100 ETF (NASDAQ:PTNQ)

Burns Matteson Capital Management LLC decreased its stake in Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) by 25.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,989 shares of the company’s stock after selling 4,486 shares during the period. Burns Matteson Capital Management LLC’s holdings in Pacer Trendpilot 100 ETF were worth $961,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of PTNQ. Brookstone Capital Management lifted its stake in Pacer Trendpilot 100 ETF by 1,078.2% in the fourth quarter. Brookstone Capital Management now owns 165,103 shares of the company’s stock valued at $12,221,000 after buying an additional 151,090 shares during the last quarter. Proactive Wealth Strategies LLC acquired a new position in shares of Pacer Trendpilot 100 ETF in the 3rd quarter valued at $1,414,000. Clear Creek Financial Management LLC raised its position in Pacer Trendpilot 100 ETF by 141.4% in the 4th quarter. Clear Creek Financial Management LLC now owns 29,009 shares of the company’s stock valued at $2,147,000 after purchasing an additional 16,991 shares during the last quarter. Prospera Financial Services Inc boosted its stake in Pacer Trendpilot 100 ETF by 42.5% during the 3rd quarter. Prospera Financial Services Inc now owns 51,499 shares of the company’s stock worth $3,777,000 after purchasing an additional 15,369 shares during the period. Finally, Pacer Advisors Inc. grew its position in Pacer Trendpilot 100 ETF by 9.3% during the 4th quarter. Pacer Advisors Inc. now owns 149,972 shares of the company’s stock worth $11,101,000 after purchasing an additional 12,701 shares during the last quarter.

Pacer Trendpilot 100 ETF Stock Performance

NASDAQ PTNQ opened at $75.17 on Monday. The firm’s fifty day moving average is $75.52 and its two-hundred day moving average is $73.67. Pacer Trendpilot 100 ETF has a one year low of $66.14 and a one year high of $77.83. The firm has a market cap of $1.36 billion, a PE ratio of 35.78 and a beta of 0.68.

Pacer Trendpilot 100 ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, December 27th were given a $1.4487 dividend. 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.