Pacer Lunt Large Cap Alternator ETF (NYSEARCA:ALTL) Trading 1.4% Higher – Here’s Why

Pacer Lunt Large Cap Alternator ETF (NYSEARCA:ALTL) was up 1.4% during trading on Monday . The company traded as high as $38.70 and last traded at $38.59. Approximately 18,511 shares were traded during trading, a decline of 32% from the average daily volume of 27,201 shares. The stock had previously closed at $38.06.

Pacer Lunt Large Cap Alternator ETF Trading Up 1.6 %

The company has a market cap of $297.84 million, a price-to-earnings ratio of 16.80 and a beta of 0.92. The firm has a 50-day moving average price of $38.31 and a 200 day moving average price of $37.63.

Hedge Funds Weigh In On Pacer Lunt Large Cap Alternator ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of ALTL. Jane Street Group LLC increased its holdings in shares of Pacer Lunt Large Cap Alternator ETF by 375.5% in the 3rd quarter. Jane Street Group LLC now owns 37,549 shares of the company’s stock worth $1,433,000 after acquiring an additional 29,652 shares during the period. Stifel Financial Corp bought a new position in Pacer Lunt Large Cap Alternator ETF in the 3rd quarter worth about $305,000. Atria Investments Inc increased its stake in shares of Pacer Lunt Large Cap Alternator ETF by 22.8% in the third quarter. Atria Investments Inc now owns 11,956 shares of the company’s stock valued at $456,000 after purchasing an additional 2,220 shares during the period. Lunt Capital Management Inc. raised its holdings in shares of Pacer Lunt Large Cap Alternator ETF by 2.8% during the third quarter. Lunt Capital Management Inc. now owns 198,808 shares of the company’s stock valued at $7,587,000 after buying an additional 5,353 shares during the last quarter. Finally, Silver Oak Securities Incorporated boosted its position in shares of Pacer Lunt Large Cap Alternator ETF by 439.6% during the third quarter. Silver Oak Securities Incorporated now owns 54,720 shares of the company’s stock worth $2,082,000 after buying an additional 44,580 shares during the period.

Pacer Lunt Large Cap Alternator ETF Company Profile

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.