Magnolia Capital Advisors LLC Sells 835 Shares of Pacer Trendpilot 100 ETF (NASDAQ:PTNQ)

Magnolia Capital Advisors LLC decreased its stake in shares of Pacer Trendpilot 100 ETF (NASDAQ:PTNQ) by 3.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 25,941 shares of the company’s stock after selling 835 shares during the period. Pacer Trendpilot 100 ETF accounts for about 1.3% of Magnolia Capital Advisors LLC’s investment portfolio, making the stock its 22nd biggest holding. Magnolia Capital Advisors LLC’s holdings in Pacer Trendpilot 100 ETF were worth $1,733,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of PTNQ. AE Wealth Management LLC grew its position in Pacer Trendpilot 100 ETF by 20.0% in the 3rd quarter. AE Wealth Management LLC now owns 22,024 shares of the company’s stock valued at $1,353,000 after purchasing an additional 3,673 shares during the period. Commonwealth Equity Services LLC grew its position in Pacer Trendpilot 100 ETF by 0.8% in the 3rd quarter. Commonwealth Equity Services LLC now owns 141,936 shares of the company’s stock valued at $8,721,000 after purchasing an additional 1,182 shares during the period. Cambridge Investment Research Advisors Inc. grew its position in Pacer Trendpilot 100 ETF by 2.8% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 324,887 shares of the company’s stock valued at $19,961,000 after purchasing an additional 8,976 shares during the period. Raymond James Financial Services Advisors Inc. grew its position in Pacer Trendpilot 100 ETF by 1.9% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 537,868 shares of the company’s stock valued at $33,047,000 after purchasing an additional 10,254 shares during the period. Finally, Stratos Wealth Partners LTD. grew its position in Pacer Trendpilot 100 ETF by 123.7% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 17,900 shares of the company’s stock valued at $1,100,000 after purchasing an additional 9,897 shares during the period.

Pacer Trendpilot 100 ETF Trading Up 0.2 %

NASDAQ PTNQ traded up $0.12 during mid-day trading on Wednesday, hitting $67.30. The company’s stock had a trading volume of 81,377 shares, compared to its average volume of 59,298. The company’s 50 day simple moving average is $68.04 and its 200 day simple moving average is $65.79. Pacer Trendpilot 100 ETF has a twelve month low of $53.04 and a twelve month high of $69.10. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of 35.33 and a beta of 0.68.

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.