Bryn Mawr Trust Advisors LLC purchased 21,599 shares of the Pacer Trendpilot 100 ETF (NASDAQ: PTNQ) during the third quarter, according to a recent filing with the Securities and Exchange Commission. The transaction valued the shares at approximately $1.68 million.
This purchase marks a new position for Bryn Mawr Trust Advisors in the ETF, which tracks a trend-following strategy across large-cap U.S. stocks.
**Why this matters**
Institutional buying activity can signal confidence in the ETF’s strategy or outlook. Tracking such moves helps investors gauge market sentiment and potential shifts in portfolio allocations by professional managers.
Source: NewsData