Pacer Lunt Large Cap Alternator ETF (NYSEARCA:ALTL) Shares Down 3.5% – Here’s What Happened

Shares of Pacer Lunt Large Cap Alternator ETF (NYSEARCA:ALTL) traded down 3.5% during mid-day trading on Friday. The company traded as low as $39.80 and last traded at $39.80. 7,347 shares were traded during trading, an increase of 3% from the average daily volume of 7,132 shares. The stock had previously closed at $41.26.

Pacer Lunt Large Cap Alternator ETF Price Performance

The business’s fifty day moving average price is $45.23 and its 200-day moving average price is $46.37. The stock has a market capitalization of $75.62 million, a PE ratio of 21.07 and a beta of 0.80.

Hedge Funds Weigh In On Pacer Lunt Large Cap Alternator ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Ameritas Advisory Services LLC purchased a new stake in shares of Pacer Lunt Large Cap Alternator ETF in the second quarter worth $29,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Pacer Lunt Large Cap Alternator ETF during the 2nd quarter valued at about $38,000. Independent Financial Group LLC purchased a new stake in Pacer Lunt Large Cap Alternator ETF during the first quarter valued at approximately $350,000. Citadel Advisors LLC bought a new position in Pacer Lunt Large Cap Alternator ETF in the 2nd quarter worth $545,000. Finally, Royal Bank of Canada lifted its position in shares of Pacer Lunt Large Cap Alternator ETF by 146.2% during the 1st quarter. Royal Bank of Canada now owns 27,739 shares of the company’s stock valued at $1,217,000 after buying an additional 16,473 shares in the last quarter.

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.