Pacer Lunt Large Cap Alternator ETF (NYSEARCA:ALTL) Shares Up 1.5% – Here’s Why

Shares of Pacer Lunt Large Cap Alternator ETF (NYSEARCA:ALTL) traded up 1.5% during trading on Tuesday . The stock traded as high as $48.88 and last traded at $48.69. 6,591 shares changed hands during trading, a decline of 7% from the average session volume of 7,064 shares. The stock had previously closed at $47.98.

Pacer Lunt Large Cap Alternator ETF Trading Up 1.5%

The firm has a market capitalization of $99.81 million, a P/E ratio of 21.07 and a beta of 0.79. The business’s 50 day simple moving average is $48.34 and its two-hundred day simple moving average is $45.84.

Institutional Investors Weigh In On Pacer Lunt Large Cap Alternator ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. IFP Advisors Inc raised its holdings in Pacer Lunt Large Cap Alternator ETF by 14.4% in the 3rd quarter. IFP Advisors Inc now owns 1,984 shares of the company’s stock worth $84,000 after acquiring an additional 250 shares during the last quarter. Raymond James Financial Inc. boosted its stake in Pacer Lunt Large Cap Alternator ETF by 1.9% during the 2nd quarter. Raymond James Financial Inc. now owns 190,115 shares of the company’s stock valued at $7,160,000 after purchasing an additional 3,473 shares during the last quarter. NewEdge Advisors LLC increased its holdings in shares of Pacer Lunt Large Cap Alternator ETF by 7,104.2% in the 4th quarter. NewEdge Advisors LLC now owns 5,115 shares of the company’s stock worth $220,000 after purchasing an additional 5,044 shares in the last quarter. Steward Partners Investment Advisory LLC bought a new stake in shares of Pacer Lunt Large Cap Alternator ETF in the 4th quarter worth $249,000. Finally, Independent Financial Group LLC purchased a new position in shares of Pacer Lunt Large Cap Alternator ETF in the first quarter worth $350,000.

About Pacer Lunt Large Cap Alternator ETF

The Pacer Lunt Large Cap Alternator ETF (ALTL) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index that alternates exposure between low volatility and high-beta US stocks, weighted by momentum. ALTL was launched on Jun 24, 2020 and is managed by Pacer.